Many partners at PwC are opting for early retirement, a trend reflecting the ongoing pressures in the consulting sector as firms restructure and adapt to changing market conditions.
The uptick in early retirements at PwC coincides with a strategic overhaul led by new UK senior partner Marco Amitrano, who aims to address declining revenues and reorganize the firm's structure.
Partner payouts have taken a hit this year, highlighting the financial strain faced by PwC and other major consulting firms, with average earnings dropping by 5%.
The significant changes within PwC’s leadership and operational structure underline a larger trend among Big Four firms as they navigate challenging post-pandemic market environments.
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