PricewaterhouseCoopers to Cut 400 Consultants

PricewaterhouseCoopers is cutting 400 consultants working in the firm's US management consulting services division. A PwC spokesperson said that people have been notified throughout the month as the firm tries to match the skills of its workers with the needs of its clients.

"We don't see this as a cost-cutting measure," she said. PwC is aggressively recruiting consultants, she added, but with a focus on those with skills in customer relationship management and the e-marketplace.

The firm is trying to recruit up to 3,000 e-business consultants over the next few months. Those now leaving represented a wide range of service sectors.

The spokesperson added that this was nothing to do with the impending sale of the firm's consulting division, it was merely a "periodic rebalancing."

The changing in the consulting workforce is not related to reports that the Big Five firm was to cut several partners as part of cost-cutting measures, she said.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.