Read our round-up of the week’s latest and most interesting finance and business news…

WeWork warns of job cuts after Softbank rescue

WeWork leaders have warned staff to expect major job cuts after a shake-up at the struggling co-working company.

Ex-Thomas Cook boss denies saddling firm with choking debts

A former boss of Thomas Cook, who presided over a major expansion, has denied saddling the firm with a debt pile that ultimately killed the business.

Sports Direct appoints new auditor after split with Grant Thornton

Sports Direct has appointed advisory group RSM as its auditor, more than a month after an acrimonious split with the accounting firm Grant Thornton.

Ernst & Young admits woman’s training included ‘offensive content’

Ernst & Young admits it should not have offered a women’s leadership training last year that was full of outdated and demeaning advice for women. At the training in June 2018, women were told their brains were smaller than men’s, that they shouldn’t’ show skin in the workplace and that they shouldn’t speak face to face with men.

Deloitte rejects Eskom allegations

Deloitte South Africa has expressed disappointment over a £11m lawsuit brought against it by South African state power company Eskom, in which its consulting arm is accused of “pure corruption” and collusion with senior Eskom executives over “improperly-awarded” contracts.

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