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Big Four accounting firm PwC is laying off about 1,500 employees in the United States, a company spokesperson told Reuters on Monday.
The workforce reduction equates to approximately 2% of the U.S. firm, the spokesperson said.
PwC employs more than 75,000 people in the United States.
“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”, PwC said in a statement.
Last year, Reuters had reported that PwC was considering slashing up to half its financial services auditing staff in China, as a regulatory investigation and an exodus of clients darken business prospects.
PwC last month shut operations in nine Sub-Saharan African countries following a strategic review.
KPMG, PwC, EY and Deloitte make up the Big Four accounting firms.
In November last year, Reuters had reported that KPMG would lay off less than 4%, or about 330 people, of its audit workforce in the United States.
(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Alan Barona)
