EY says it hasn't seen 'a rash of talent that's all of a sudden available' despite huge tech layoffs

Posted By TheNewsCommenter: From Businessinsider.com: “EY says it hasn't seen 'a rash of talent that's all of a sudden available' despite huge tech layoffs”. Below is an excerpt from the article.

Tech companies may be laying off staff left, right and center — but it doesn't mean there's an abundance of talent readily available in the market, the CEO of accounting giant EY told Bloomberg on Wednesday.

"If you just read the headlines around what's going on, you might think, there's all kinds of people who know technology out there," Carmine Di Sibio told Bloomberg in an interview at the World Economic Forum in Davos.

"We're not struggling to source talent, but it's not like we're seeing a rash of talent that's all of a sudden available," Di Sibio said, adding that the firm's hiring is "business as usual."

EY, which is headquartered in the UK, is looking to hire around 220,000 people globally in the 12 months to July 2023, Trent Henry, EY's global vice chair for talent had told Bloomberg back in November.

The company — which plans to split its accounting and consulting businesses into two separate companies — employs over 300,000 people globally. The consulting arm is expected to employ as many as 230,000 people, Di Sibio told Bloomberg on Wednesday.

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