Here is a rumor from the link below, apparently an E&Y partner voicemail was distributed with an outline of the upcoming E&Y admin staff layoffs... Read more at the link above...
The voice mail says this is for partners only and then discusses the new model EY will be using to determine the # of admin staff in an office and gives the date when admin cuts will happen. Also talks about how all partners will be required to do a mid year review in Jan 2009 (by the way, we all heard the partners saying later how this had never been done in the past so clearly it was papering the files for upcoming partner cuts).