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PwC lays off 1,500 employees, reduces campus hiring across US

  • In early May 2025, PricewaterhouseCoopers reduced its U.S. Workforce by around 1,500 positions, primarily within its audit and tax departments.
  • The firm made the cuts after a months-long internal review cited historically low employee turnover and stagnant business conditions.
  • Affected staff were informed via Microsoft Teams meetings over Monday and Tuesday, with severance details sent by email amid employee surprise and criticism of transparency.
  • PwC's US workforce totals about 75,000, so the layoffs represent roughly 2% of employees, which is smaller than some larger cuts made recently by competitors like KPMG and Deloitte.
  • These layoffs reflect an industry trend among Big Four firms facing low attrition and economic challenges, suggesting further staff adjustments could occur.
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Going Concern broke the news in on Tuesday, May 6, 2025.
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