Ernst & Young informed its workforce that it would be cutting 3,000 jobs in the United States. The London-headquartered financial services giant, one among the 'big four', is reportedly executing the job cuts to eliminate "overcapacity.

'Big Four' hiring decline: Ernst & Young blames 'overcapacity' for 3,000 job cuts

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'Big Four' hiring decline: Ernst & Young blames 'overcapacity' for 3,000 job cuts