EY Cuts Hiring Target by 60,000 as Fewer Workers Jump Ship

EY plans to hire thousands fewer people this year than it initially planned after churn among its employees fell, the latest sign of a cooling job market for finance workers.

The professional services firm has reduced its hiring target by about 60,000 from 220,000 for the twelve months to July 2023, Trent Henry, EY Global vice chair for talent, said in an interview. That’s about the same as for the 2022 financial year, when turnover was far higher amid a post-Covid wave of people leaving their jobs.

It’s “a sign of the times,” Henry said, noting other big employers ...