pwshub.com

EY fired dozens of staff members who attended 2 video training meetings simultaneously

EY has reportedly fired a handful of U.S. staff after they were discovered to have attended two training sessions at the same time.

The employees were taking part in online classes this spring as part of the consulting giant's 'Ignite Learning Week,' The Financial Times reported.

Employees at the Big Four firm are required to spend a certain amount of their time each year on such courses, earning a mandatory amount of professional continuation credits as a result.

The staffers who were unceremoniously let go said they weren't attending two sessions at once to accumulate these credits faster, insisting it was because they didn't want to miss out on simultaneous sessions.

The employees who no longer work at EY told the FT they were just trying to take advantage of all the sessions they wanted to attend, and added the company bred a culture of multi-tasking.

They also claimed EY never told staffers they shouldn't be attending multiple meetings at once.

But in a statement to the FT, EY said the employees' actions went against the company's code of conduct: "Our core values of integrity and ethics are at the forefront of everything we do.

“Appropriate disciplinary action was recently taken in a small number of cases where individuals were found to be in violation of our global code of conduct and U.S. learning policy.”

EY did not immediately respond to Fortune's request for comment.

While some might argue being fired for attending multiple online calls seems like a harsh punishment, EY has already been forced to pay dearly for employees who abuse internal training and testing systems.

In 2022, EY was told to pay $100 million to the SEC after staffers were found to have cheated on ethics exams required to obtain and maintain Certified Public Accountant (CPA) licenses.

EY was also accused of withholding evidence in the SEC's investigation into the matter.

As well as paying the fine, EY said it would take on two independent consultants to address the problems relating to both ethics and transparency.

EY has reportedly updated its direction regarding future Ignite weeks, specifying that only one class should be attended at a time.

Meta violations

EY isn't the first major employer to crack down on staffers abusing policy regulations, and it is unlikely to be the last.

Last week, Meta reportedly let go of a handful of staff members for misusing its meal credit scheme.

Writing on Blind, a professional social media site for the tech industry, one Meta staffer outlined that employees are given a $25 Grubhub credit if they work past 6 p.m. in offices that don’t have cafeterias on site.

However, a further post seen by Fortune on the Blind platform claimed the disgraced staffers were ordering food when they weren't even on-site, were giving their credits to other members of staff, or were using the credits to buy groceries and household essentials.

For example, one individual claimed to have spent their $25 credit on items like toothpaste and tea from pharmacy Rite Aid, adding that if they had made alternative dinner arrangements they felt they “ought not to waste” the perk.

This story was originally featured on Fortune.com

Source: finance.yahoo.com

Related stories
1 month ago - Presidents can move entire markets with a single sentence. Donald Trump, a former president, sent a single stock soaring with just three words: “I’m...
1 month ago - Inflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
2 days ago - Serial entrepreneur Adam Dell is bullish on how AI will transform financial services.
1 month ago - Apple's partnership with India's second-biggest telecoms firm will give the iPhone maker a sorely needed boost in a content market where it lags far behind the likes of Spotify and Walt Disney. The U.S. technology giant, working to boost...
1 month ago - Martin Varsavsky is one of more than 12,000 multimillionaires living in Spain who were blindsided by a “solidarity” tax at the end of 2022.
Other stories
31 minutes ago - Generative artificial intelligence startup Stability AI Ltd. today announced the release of Stable Diffusion 3.5, which includes three next-generation open-source text-to-image AI model variants. “In June, we released Stable Diffusion 3...
39 minutes ago - U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns. The Internal Revenue Service detailed the increases in its annual inflation adjustments...
39 minutes ago - Hedge funds managed by Israel Englander and Ken Griffin both scooped up shares in a troubled pharmaceutical stock last quarter.
39 minutes ago - Generative AI, designed to create human-like interactions by processing vast amounts of data, has taken the world by storm and is expected to be integrated into virtually all industries in the coming years from technology to financial...
39 minutes ago - Genuine Parts Co (NYSE:GPC) stock plunged after the company reported mixed third-quarter earnings and a grim outlook. Adjusted EPS of $1.88 missed the analyst consensus of $2.42. The automotive and industrial replacement parts provider...