EY has cut staff and imposed greater efficiency across its global operations under chief executive Janet Truncale, according to figures from the Big Four accounting and consulting network.
EY’s global headquarters has levied lower fees from the national member firms that make up the network, making good on a promise to slim down the central bureaucracy after an expensive and ultimately failed attempt to spin off the consulting business.
Annual accounts filed at the UK’s Companies House show that EY’s coordinating body levied $1.8bn from the national member firms in the year to June 27 2025, the same amount as the year before despite a 4 per cent increase in revenue across the network.
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