Overview

• PwC has announced the layoff of 1,500 employees in the US, representing 2% of its 75,000-strong domestic workforce.
• The job cuts primarily target the audit and tax divisions, which are facing reduced demand for services.
• The firm is pausing new campus recruitment but will honor job offers extended to last year’s interns.
• Employees were notified of the layoffs through time-sensitive Microsoft Teams invites, leaving many blindsided, including those expecting promotions.
• This move follows similar workforce reductions by other Big Four firms, such as KPMG and Deloitte, as the industry adjusts to profitability pressures.