PwC is laying off about 1,500 employees in the US, becoming the latest Big Four firm to make cuts in the wake of historically low staff turnover.
The lay-offs amount to 2 per cent of PwC US’s 75,000 workforce and were concentrated mainly in its audit and tax businesses, according to people familiar with the matter.
The job cuts were the result of a months-long process of examining the business, according to one person familiar with the decision, and came after PwC had previously moved hundreds of US staff from unneeded posts to higher-growth units.
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