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KPMG and EY end job-for-life model, cutting senior partners.
Major accounting firms KPMG and EY are cutting the ranks of senior partners, ending the traditional job-for-life model.
Underperforming partners are being demoted to salaried roles without profit-sharing, while KPMG has also reduced the equity stakes of long-serving partners.
These moves are aimed at tightening financial control and improving profitability amid slowing consulting demand.
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KPMG y EY terminan con el modelo de trabajo para toda la vida, recortando socios senior.