Add in ALL the Consultants , bet it is well over 50% increase.
Whenever you see a Senior Public Servant testifying at any Parliamentary Committee hearings, it is evident they know nothing, don't know who made the required decision, didn't keep an eye on the project to comply with regulations, didn't follow standard business practices, didn't ensure value for the dollar, didn't ensure standard accounting, etc.
I hope the CPC remember these people.
Speaking of consultants... cutting consulting contracts usually precedes a wave of staff downsizing ...
EY set to shed 150 jobs in UK consulting wing
With Big Four advisory and audit firms continuing to reckon with falling demand, EY has become the latest firm to announce cuts to its UK headcount. The firm reportedly set to cut 150 roles in its UK consultancy division, while also having to replace one of its most senior executives in the team.
Major consulting firms have struggled to adjust to adapt to fluctuations in demand since the Covid-19 pandemic. While the Big Four enjoyed a major boost to growth amid the crisis period, the years since have seen consulting growth return to normal levels – and left firms with inflated headcounts eating into the profits of their stakeholders.
As mentioned, EY is not the only Big Four firm to be taking such measures. Earlier in the autumn,
Deloitte announced it plans to
lay off 180 of its own consulting staff. Meanwhile, according to a Wall Steet Journal,
PwC US plans to lay off 1,800 employees – or 2.5% of its 75,000-person workforce, while
KPMG has similarly announced plans that will affect about 4% of the firm's roughly 9,000 auditing staff in the US alone.
For EY, however, the news also comes as the firm looks to replace its UK and Ireland managing partner of consulting, Benoit Laclau. Laclau, who joined EY 13 years ago, but is stepping down after five years in the role – according to City AM, he will instead continue to serve large EY clients and lead its “technology driven pursuits in the UK”.
The move underscores some of the challenges
Anna Anthony will inherit, when she becomes the first-ever woman to lead a UK Big Four firm. Anthony was selected by EY’s leadership earlier in 2024, but will face multiple pressures when she assumes the position in January 2025 – especially as key public sector contractors look to scale back their use of large consulting firms.
With Big Four advisory and audit firms continuing to reckon with falling demand, EY has become the latest firm to announce cuts to its UK headcount.
www.consultancy.uk