PwC Withdraws Job Offers for New Graduates

Citing the current economic climate and a constant need to assess the mix of skills needed by clients, the London office of Big Five firm PricewaterhouseCoopers has withdrawn its offers of employment to 78 of 180 graduates who planned on starting with the firm this fall.

The ousted employees will receive two months' pay in addition to their walking papers.

A spokeswoman for PwC said," We are trying to manage our intake of new staff appropriately so when someone does join us, they will have meaningful work that will enable them to use and refine the skills we selected them for initially."

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