Layoffs Watch ’12: Ernst & Young

E&Y Down Under is getting into the act, informing a number of people that their services are no longer needed and the word on the street is that some partners may be next:

Big Four accounting firm Ernst & Young Australia has retrenched 89 staff amid rumours that partner performance is under review and will result in further redundancies within weeks.

Black and Yellow isn't saying why things have taken a turn for the worse but apparently the firm is ""struggling to reach the right partner-to-staff ratio," which explains why partner performance is getting a second look.

E&Y retrenches 89 staff [ANR (subscription required) via Business Spectator]

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