EY Cuts 232 Jobs in Australia As Big Four Slashes Continue

Ernst & Young LLP announced Thursday it is cutting 232 jobs across its Australia operations, becoming the latest major accounting firm to shed roles.

The Big Four outfit’s Oceania arm blamed the cuts on a “challenging and uncertain environment” that had hampered the demand for consulting across government and financial services, EY Oceania CEO David Larocca said in a statement Thursday.

• The decision comes as accounting firms have slashed jobs across their businesses worldwide in recent weeks. PwC Australia said earlier in the week it was making 338 staff redundant.
• The job cuts across the Australian and New Zealand operation ...