EY to ‘aggressively cut costs’ in restructuring

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The Big Four is going through a period of rapid change. What will the result look like?Photo: Robert Evans/Alamy

EY’s major overhaul under new boss Janet Truncale will use lessons learned from its failed breakup to cut costs and boost growth.

The reorganisation is likely to lead to job cuts that fall heaviest on a middle layer of management, which will be shrunk under the proposals, people familiar with the firm said.