{"id":229259,"date":"2025-05-07T18:30:08","date_gmt":"2025-05-07T18:30:08","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/janet-truncale-declares-ey-wont-shrink-their-workforce-just-because-ai-is-cheaper\/"},"modified":"2025-05-07T18:30:08","modified_gmt":"2025-05-07T18:30:08","slug":"janet-truncale-declares-ey-wont-shrink-their-workforce-just-because-ai-is-cheaper","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=229259","title":{"rendered":"Janet Truncale Declares EY Won’t Shrink Their Workforce Just Because AI Is Cheaper"},"content":{"rendered":"


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Why does it feel like comments EY CEO Janet Truncale made at the Milken Institute Global Conference this week<\/a> won\u2019t age well?<\/p>\n

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\u201cWe\u2019re not going to decrease the size of our workforce\u201d because AI increases productivity, and employees perform at a higher level earlier in their careers [she said].<\/p>\n

\u201cI like to think we can double in size with the workforce we have today when we have those professionals operating at the top of their license and doing more interesting work,\u201d she said.<\/p>\n

Truncale believes AI \u201cis going to transform the work our people are doing,\u201d but not make humans obsolete or eliminate thousands of jobs.<\/p>\n<\/blockquote>\n

Speaking of eliminating thousands of jobs, it appears EY laid off a significant number of IT people globally in February<\/a> though exact numbers aren\u2019t known. Additionally, it was reported in March that EY is in the process of dramatically reorganizing its global units<\/a> or, as my Pop says<\/a>, \u201cshuffling deck chairs on the Titanic.\u201d<\/p>\n

Staff aren\u2019t the only ones feeling the pain at EY. Partners at EY US were expected to kick in an extra 2 percent to manage cash flow last year<\/a>.<\/p>\n

On the topic of AI stealing our jerbs, World Economic Forum\u2019s 2025 Future of Jobs Report<\/a> predicts that by 2030, 92 million current jobs will be displaced (murked) while \u201cmacrotrend-driven creation\u201d of new jobs is estimated at 170 million jobs.<\/p>\n

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Source: WEF<\/figcaption><\/figure>\n<\/div>\n

In a completely unrelated happening, TB4A posted this yesterday<\/a>:<\/p>\n

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EY CEO says AI won\u2019t decrease its 400,000-person workforce \u2014 but it might help it double in size<\/strong> [Business Insider<\/a>]<\/p>\n<\/p><\/div>\n


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Why does it feel like comments EY CEO Janet Truncale made at the Milken Institute Global Conference this week won\u2019t age well? \u201cWe\u2019re not going to decrease the size of our workforce\u201d because AI increases productivity, and employees perform at a higher level earlier in their careers […]<\/p>\n","protected":false},"author":1,"featured_media":229260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[85513,12841,11373,34969,85514,54306,30059,85515,36854,85517,85516,11231,15464],"dealstore":[],"offerexpiration":[],"class_list":["post-229259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-a-cpa-said-this-so-you-can-believe-it","tag-automation","tag-cheaper","tag-declares","tag-its-not-a-lie-if-you-believe-it","tag-janet","tag-layoffs","tag-rise-of-the-robots","tag-shrink","tag-truncale","tag-trust-me","tag-wont","tag-workforce"],"yoast_head":"\nJanet Truncale Declares EY Won't Shrink Their Workforce Just Because AI Is Cheaper - 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