PwC lays off 1,500 workers, reduces campus hiring throughout US
PwC has develop into the most recent Massive 4 accounting agency to implement job cuts. In keeping with the Monetary Occasions, the agency is shedding roughly 1,500 workers in america, which is roughly 2% of its 75,000-strong US workforce. The layoffs are primarily affecting employees within the audit and tax divisions.
Along with the job cuts, PwC has additionally determined to curtail campus recruitment. Nevertheless, the agency mentioned it can honor all current job gives prolonged to final 12 months’s interns, who’re anticipated to affix the agency later this 12 months.
“This was a tough resolution, and we made it with care, thoughtfulness and a deep consciousness of its influence on our folks, appreciating that traditionally low ranges of attrition over consecutive years have made it essential to take this step,” a PwC spokesperson informed Monetary Occasions on Monday.
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Sources informed the Monetary Occasions that affected workers acquired Microsoft Groups invitations labeled “time delicate.”
One affected individual informed the outlet, “A few of us had been up for promotion, however as a substitute of a promotion and a pay bump we’re now getting minimize off.”
One other added, “Everybody was fully blindsided by the lay-offs right this moment.”
Additionally Learn: Google lays off lots of of workers in Android, Pixel, and Chrome groups: Report
Different Massive 4 corporations have additionally made related strikes. Deloitte just lately introduced plans to cut back employees in its US consulting division.
“Total demand for Deloitte’s companies stays robust,” Deloitte spokesperson Jonathan Gandal mentioned in an announcement final month. “We’re taking modest personnel actions based mostly on moderating progress in sure areas, our authorities purchasers’ evolving wants, and low ranges of voluntary attrition.”
In the meantime, KPMG laid off 330 workers in its US audit division in November, in line with The Wall Road Journal, representing about 4% of that unit’s workforce.
