I find it very odd that many, many of the people that are posting seem to be very shocked that there are chops in force in the Big four. Why would they be safe and immune from this economic downturn? It only makes sense that they would need to decrease costs. The big 4 firms are quite competitive so to suggest that they are unneccesarily cutting good performers makes no sense. This is a business and if there is a downturn in revenue you need to react quickly to cut costs, its simple math. Payroll accounts for over 50% of costs so obviously needs to be managed. All big US firms have made chops. Some hide it (or try to hide it) better than others but they are all impacted in the same way.
foulplay (midwest) on 28 May 2009 at 2:43 pm EY laid off Americans and retained all employees on visa. Should we be surprised?