PwC Continues Job Cuts
PwC informed staff on Wednesday. This latest cull comes after the firm cut 5% of its U.S. consulting workforce.
Liz Brown, HR partner at PwC Consulting UK, said: "This decision has not been taken lightly and is a result of our need to constantly review our skills base against our market and client requirements to ensure the future success and health of the business. As a result of this assessment we need to reduce our staff numbers."
She continued: "Our growth in recent years has been driven by the very same technology areas that have been affected by the current economic slowdown so we are now having to adjust our business to meet these changes. Over the longer-term we will be developing a more flexible workforce to meet fluctuating client demands.
"PwC Consulting has considered all the options available, including retraining, which is not suitable for all consultants or all our skill areas at this time. We will be offering people a more generous redundancy package than is the industry norm, based on length of service and age."