Overview

• PwC's first major US layoffs since 2009 will impact roles from associates to managing directors.
• The restructuring focuses on the advisory, products, and technology units, with significant changes to the technology group.
• About half of the affected employees are based offshore, highlighting global implications.
• PwC is integrating its products and technology teams into individual business lines to better support its strategy.
• The announcement comes amid broader challenges, including a slowdown in demand and scrutiny over its role in the China Evergrande Group fraud investigation.