Under new CEO Janet Truncale's leadership, EY is undertaking significant restructuring by merging its 18 geographical regions into 10 superregions to improve collaboration and efficiency. This change comes in the wake of unsuccessful initiatives like 'Project Everest' and a slowdown in growth. Additionally, EY expands its EY-Parthenon consulting division from 9,000 to 25,000 employees, responding to increased client demand driven by geopolitical challenges and technological shifts. The move streamlines EY's service lines, enhancing its ability to adapt to evolving market needs.
The shake-up at EY under new CEO Janet Truncale aims to enhance collaboration across the firm's international network and streamline global operations.
EY is merging its 18 geographical regions into 10 superregions to bolster efficiency and adapt to changing client demands for strategic consulting services.
Andrea Guerzoni highlighted the need to adapt to geopolitical uncertainties and technological transformations, pushing EY-Parthenon to expand and meet evolving client needs.
The restructuring offers a more integrated approach to consulting services as EY aligns its core industries and grows its workforce within its strategy division.
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