"Can AI drive growth even as jobs are lost?"
This is the question at the heart of Ernst & Young’s (EY) current strategy as the firm navigates economic uncertainty. While the company has made headlines for its recent layoffs, it’s also pouring resources into artificial intelligence—a move that reveals a strategic pivot toward technology even as it faces the complexities of workforce reduction.
As EY navigates a challenging period with 150 layoffs and strategic shifts in partnerships, the firm is also undergoing a major AI-driven transformation. This dual approach—cutting headcount while significantly enhancing AI capabilities—reflects the complex reality global organizations face today. EY has also ended relationships with several public companies to elevate the qu
EY’s Bold AI Gamble With 150 Layoffs and a $1.4 Billion AI Push
- By Anshika Mathews
- Published on
The stakes are higher than ever as EY tries to strike a balance between a big AI makeover and labour reductions.
