"PwC's global revenue is stuttering as it struggles to grow at the same rate as its Big Four rivals. The consulting and accounting firm reported on Tuesday that its global revenue grew 2.9% to hit $56.9 billion in its 2025 financial year, which covers the year ending June 30. The results mark a slowdown in revenue growth at PwC for the third consecutive year - in the 2024 financial year, the rate of growth dropped from 9.9% to 3.7%."
"PwC also cut its global head count by 5,600 in its 2025 financial year, marking a turnaround in a previous strategy to boost numbers. In 2021, the Big Four firm, then under the leadership of Bob Mortiz, announced plans to grow its global workforce by 100,000 by the middle of 2026. To reach the 2021 goal, it would now have to add roughly 40,000 workers in the next 12 months."
PwC's global revenue rose 2.9% to $56.9 billion in the 2025 financial year ending June 30. Revenue growth slowed for a third consecutive year, falling from 9.9% to 3.7% in 2024 and to 2.9% in 2025. The firm reduced global headcount by 5,600, reversing an earlier plan to grow the workforce by 100,000 by mid-2026; reaching that 2021 target now would require adding roughly 40,000 workers within 12 months. PwC US plans to cut graduate hiring and the UK has lowered entry-level recruitment. Chair Mohamed Kande said the firm invested in people and technology and expects more change and complexity.
Read at Business Insider
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