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...

Already a member? log in here.

Upcoming CPE Webinars

Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.
Nov 12This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Nov 18In this session Excel expert David Ringstrom, CPA tackles what to do when bad things happen to good spreadsheets.