The cuts will come as the firm attempts to survive federal criminal charges and a mass of audit clients quitting the firm creating massive revenue reductions, following the Enron scandal, according to reports in the press.
Some 28,000 staff are employed by the firm in the US, from a total 85,000 worldwide. Although no official number of job cuts have been announced, the firm will be hoping a number of staff walk away voluntarily, or will be hired by rivals.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
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