1,800 PwC US employees to be laid off, primarily in advisory and tech sectors, due to demand slowdown.
PricewaterhouseCoopers (PwC) will lay off about 1,800 employees, or 2.5% of its U.S. workforce, marking its first significant layoffs since 2009. The cuts primarily affect its advisory and technology sectors, with half of those impacted based offshore. This restructuring is due to a slowdown in demand for advisory services. Notifications to affected employees are expected in October. PwC is also facing challenges in its China operations.
September 11, 2024
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