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PwC Australia plans up to 329 job cuts and 37 partner retirements as part of a major restructuring due to a national scandal.
PwC Australia plans to cut 329 jobs and accelerate the retirement of up to 37 partners as part of a major restructuring, following a national scandal involving a former partner who leaked government tax plans.
The job cuts, accounting for about 5% of the company's workforce, aim to align the business structure with PwC's new long-term strategy and balance job losses by inviting affected employees to apply for new roles.
PwC will also consolidate business units and reconfigure its executive structure to achieve ongoing cost savings of A$100 million.
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