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.

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