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Ernst & Young initiates layoffs, cuts dozens of US partners

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Ernst & Young has decided to part ways with dozens of partners within its US division

The decision, communicated internally to the affected partners, is part of EY’s broader restructuring efforts.

The move is driven by a combination of factors, including market trends, evolving client needs, and the ongoing impact of the global economic landscape.

While the specific details of the layoffs remain confidential, the firm assures that it is committed to supporting the affected individuals during this transition.

Industry analysts speculate that EY’s decision reflects a broader trend within the professional services sector, as firms reevaluate their structures to stay agile and resilient in an ever-changing business environment.

As the job market absorbs the impact of these strategic adjustments, EY emphasizes its dedication to maintaining a strong and adaptable workforce.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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