""This was a difficult decision, and we made it with care, thoughtfulness and a deep awareness of its impact on our people, appreciating that historically low levels of attrition over consecutive years have made it necessary to take this step.""
""Everyone was completely blindsided by the layoffs," said an employee who had just started in September, emphasizing the unexpected nature of the job cuts."
PricewaterhouseCoopers (PwC) is cutting 1,500 U.S. jobs, about 2% of its workforce, primarily within audit and tax. The layoffs come after years of low employee turnover, prompting the firm to reassess staffing needs. PwC moved employees to growth positions before deciding on layoffs, but the impacted employees, some just starting their careers, were informed via Microsoft Teams, indicating the abrupt nature of these changes. This comes after previous job cuts at PwC and reflects a broader trend of layoffs among the Big Four accounting firms amid economic pressures.
Read at Entrepreneur
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