PwC Continues Job Cut Trend

Our sister site, AccountingWEB-UK, reports that Big Five firm PricewaterhouseCoopers (PwC) has laid off nearly 300 members of its consultancy staff as worldwide cutbacks continue throughout the consultancy sector.

The firm is reportedly offering attractive severance packages to those who voluntarily agree to resign.

PwC human resources partner Liz Brown said: "This decision has not been taken lightly and is in line with our need to constantly review our skills base against our market and client requirements to ensure the future success and health of the consulting practice.

"Although certain areas continue to grow and our clients are increasingly coming to us to help them improve performance in the face of this challenging new business environment, we too have to adjust our business to meet these changes. As a result we have had to review our skills mix, and at this time we have more people in certain areas than our business requires, so we need to reduce our numbers. We would like to achieve this by making a voluntary offer to people," she continued.

Both ancillary staff and consultants, including technology experts and those covering business, are to be affected by the voluntary lay off.

Job cuts and withdrawals and delays of job offers are becoming the norm in the consultancy area as PwC falls in line with other Big Five rivals that have announced cutbacks this past year.

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