PwC announced it will be laying off approximately 1,500 employees in the U.S., which is about 2% of its workforce consisting of over 75,000 people. The decision was described as difficult and made thoughtfully, highlighting a long history of low attrition rates necessitating these layoffs. This move follows recent news regarding cuts in other regions, such as China, where PwC is facing challenges due to regulatory investigations and client losses. The firm is not alone, as KPMG similarly reported layoffs last November.
PwC is laying off about 1,500 employees in the United States, equating to roughly 2% of its total U.S. workforce of over 75,000.
This was a difficult decision, and we made it with care, thoughtfulness, and a deep awareness of its impact on our people.
Historically low levels of attrition over consecutive years have made it necessary to take this step.
Last year, PwC was considering slashing up to half its financial services auditing staff in China due to a regulatory investigation.
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