PwC Layoffs: UK-Based Fintech Consulting Firm Lays Off 1,500 Employees, 60 Partners Across Middle East; Here's Why | 📲 LatestLY

PwC Layoffs: UK-Based Fintech Consulting Firm Lays Off 1,500 Employees, 60 Partners Across Middle East; Here's Why | 📲 LatestLY

PwC, a UK-based consulting firm, has been facing several global challenges, which has resulted in laying off several employees and reducing its workforce. The latest round of PwC layoffs has affected 1,500 employees across the Middle East amid slowed business. The decision also affected 60 partners in the region. 📲 PwC Layoffs: UK-Based Fintech Consulting Firm Lays Off 1,500 Employees, 60 Partners Across Middle East; Here's Why.

PwC slashes partner and staff roles in Middle East

PwC has made job cuts in its Middle East operations, eliminating the positions of approximately 60 partners and 1,500 staff, reported the Financial Times.   The downsizing began in February 2025, triggered by a year-long ban by Saudi Arabia’s Public Investment Fund (PIF) on new advisory contracts for the firm, which has had a considerable impact on PwC’s business prospects in the region.  The ban has led to a reassessment of PwC’s strategy and o…

PwC lets go 1,500 employees, 60 partners in the Middle East

With PricewaterhouseCoopers’ relations with Saudi Arabia’s Public Investment Fund (PIF) souring, the British multinational professional services network is preparing to cut at least 1,500 jobs in the Middle East. Reports reveal that the PIF had banned PwC from accepting any contracts in the Kingdom of Saudi Arabia following a dispute. Since demand for advisory services had already started falling, the ban further prevented PwC from accessing att…