In 2024, PwC's UK division experienced a significant turnover in leadership, parting ways with 124 partners, surpassing the departures in the previous two years combined. This trend was highlighted by a single-day exit of 76 partners just before the year ended. Concurrently, the firm also paused its hiring program for high school leavers. Despite hiring 69 new partners, the net loss indicates ongoing challenges in the consulting sector, as partner pay and numbers decline under market pressures. New leadership under Marco Amitrano aims to re-strategize operations to address these difficulties.
PwC's UK division faced a dramatic partner exodus in 2024, losing 124 partners, more than in the previous two years combined, underscoring significant market pressures.
Despite appointing 69 new partners, the firm experienced a net loss of partners, reflecting broader industry challenges as senior professionals departed amidst slowing growth.
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