PwC Faces More Staff Cuts, Restructures Workforce
Not long after announcing cuts of approximately 1,000 members of the consultancy staff at U.S. PwC locations, the firm is back in the news with more pink slips. This time, it's the back office functions - mailroom and clerical jobs - that are being reduced.
The work required of these positions is not being cut, but the people remaining on the jobs will have consolidated responsibilities. The mail and clerical functions are being reorganized into a new division called "shared services," according to the division's new head, Eugene Donnelly, who has recently been appointed CFO of PwC in the states.
The new method of streamlining this work entails an internal reorganization whereby mail and clerical functions are to be performed by lines of service, such as assurance, tax, consulting, and so on.
Employees who are leaving the workforce will receive "the normal severance package, which includes outplacement assistance," according to Mr. Donnelly. Those employees who remain will find, not an increased workload, but "more efficient redistributions of the work."
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.