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PwC Cuts 1,500 U.S. Jobs Citing Low Attrition And Business Pressures

The workforce reduction equates to approximately 2% of the U.S. firm.

Allwork.Space News TeambyAllwork.Space News Team
May 6, 2025
in News
Reading Time: 1 min read
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PwC Cuts 1,500 U.S. Jobs Citing Low Attrition And Business Pressures

A view shows a PwC Australia logo in Melbourne, Australia, March 24, 2025. REUTERS/Hollie Adams/File Photo

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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.

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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.

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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.

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(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Alan Barona)

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Source: Reuters
Tags: BusinessLeadershipNorth AmericaWorkforce
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Allwork.Space News Team

Allwork.Space News Team

The Allwork.Space News Team is a collective of experienced journalists, editors, and industry analysts dedicated to covering the ever-evolving world of work. We’re committed to delivering trusted, independent reporting on the topics that matter most to professionals navigating today’s changing workplace — including remote work, flexible offices, coworking, workplace wellness, sustainability, commercial real estate, technology, and more.

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