Overview

• PwC is laying off approximately 1,500 employees, representing 2% of its 75,000-strong US workforce.
• The layoffs are concentrated in the audit and tax divisions, following a months-long internal review of business needs.
• Historically low employee turnover and evolving client demand were cited as key reasons for the decision.
• PwC is reducing campus recruitment but will honor all existing offers extended to last year's interns.
• Employees reported feeling blindsided by the layoffs, which were communicated through abrupt virtual notifications.