EY Cuts 5% of Accounting Jobs
Ernst & Young has layed off 400 people who held traditional accounting jobs because of a shift in mindset at the firm from the tried and true accounting business to E-commerce, E-business and the like. The company employs 8,000 worldwide.
Similarly, KPMG just restructured  its consulting business, and last fall, PricewaterhouseCoopers eliminated 1,000 positions.
Overall, the consulting industry has grown to levels in which servicing the client means being online with customers, continuents and other audiences.