PwC Lays Off : PwC is set to lay off around 1,500 employees in the U.S. amid consistently low attrition rates, marking a strategic shift in workforce planning. The Big Four firm cites the need to rebalance staffing levels due to fewer voluntary exits and changing client demands. In addition to the job cuts, PwC is also reducing its campus hiring efforts, signaling cautious talent acquisition strategies in a challenging economic landscape. This article explores the reasons behind the layoffs, the impact on the consulting sector, and what it means for job seekers in 2025.
The layoffs, which primarily impact the firm’s audit and tax divisions, come after months of internal review and follow a prior effort to reassign staff from slower-growing areas to higher-demand units, the report said.
PwC has become the latest Big Four accounting firm to implement job cuts. According to the Financial Times, the firm is laying off approximately 1,500 employees in the United States, which is roughly 2% of its 75,000-strong US workforce. The layoffs are primarily affecting staff in the audit and tax divisions.
In addition to the job cuts, PwC has also decided to curtail campus recruitment. However, the firm said it will honor all existing job offers extended to last year’s interns, who are expected to join the firm later this year.
3“This was a difficult decision, and we made it with care, thoughtfulness and a deep awareness of its impact on our people, appreciating that historically low levels of attrition over consecutive years have made it necessary to take this step,” a PwC spokesperson told Financial Times on Monday.
Over the past year, the company has laid off hundreds across multiple countries. In the US, it cut around 1,800 jobs in late 2023—its first formal layoff since 2009. In the UK, quiet exits and unannounced redundancies have further unsettled employees. Simultaneously, the firm ended its tech apprenticeship programme and let go of more than 120 partners. Insiders say these measures are meant to protect partner payouts amid a downturn in consulting demand.
