PwC US to cut 1,800 jobs, its first layoffs in 15 years

PricewaterhouseCoopers (PwC), one of the Big Four international accounting firms, is reportedly cutting approximately 1,800 jobs in its US division. This marks the company's first formal layoffs since 2009, attributed to a slowdown in demand for certain consulting services.

According to sources cited by foreign media, the layoffs at PwC are occurring in the US and other regions, primarily affecting the consulting, products, and technology divisions. About half of the job cuts are international departments, involving positions from assistants to managing directors across business services, auditing, and tax sectors.

Insiders report that PwC plans to notify affected personnel in Oct., constituting about 2.5% of its US workforce.

In a statement to the press, PwC US Chief Operating Officer Tim Grady noted that to maintain competitiveness and position the business for the future, the company will continue transforming various sectors and adjusting its workforce to support corporate strategies better. This includes attracting the right talents and skills and reallocating them to the most needy areas.

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