What Shortage? EY Is Supposedly Hiring 220,000 People This Year – Going Concern

When accounting goes unaccounted for
According to the horse’s mouth, EY is buried under millions and millions of resumes and on track to hire nearly a quarter of a million people this fiscal year.
Bloomberg:
EY is on track to hire around 220,000 people in the twelve months to July 2023, having achieved its highest growth in nearly two decades in the previous period. That’s before a potential break-up of its auditing and consulting divisions takes effect, which could further ramp up a recruitment drive that reached about 160,000 in the 2022 financial year.
As part of the push the firm expects to sift through more than 3 million resumes this year, Trent Henry, EY Global vice chair for talent, said in an interview. The company is using automation to help its recruitment professionals and match candidates to job postings, he said.
EY currently has about 365,000 employees in over 700 offices in more than 150 countries around the world, 220,000 is 60% of its current workforce. We buying this? Because 220,000 in this market sounds…ambitious. Especially with students so skittish about what a split could mean for their careers down the road.
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That is gross not net. They will hire 220K but a decent number will leave bringing the net number down quite a bit. So not the 60% in the article but still an ambitious number.
Or maybe the 220k additional hires is planning for the split? No way EY has grown to justify 60% growth in it’s workforce.
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