PwC to Cut 1,500 Jobs Across US in Major Workforce Shake-Up

PwC is the most recent of the Big Four accountancy firms to lay off employees. The company is laying off about 1,500 workers in the US, or about 2% of its 75,000-person US workforce, according to a media report.

 Employees in the audit and tax departments are the main targets of the layoffs. PwC has also made the decision to reduce campus recruitment in addition to the job losses. Nonetheless, the company stated that it will honour all current employment offers given to the interns from the previous year, who are anticipated to start working for the company later this year.

According to a PwC spokeswoman, this was a tough choice that the company made carefully, thoughtfully, and with a great deal of consideration for how it would affect its employees. The company acknowledged that historically low attrition rates over a number of years had necessitated this action.

Up For Promotion: Ended up Losing the Job

According to a media source, Microsoft Teams invites marked as "time sensitive" were sent to the impacted employees. According to the article, one impacted individual stated that several of them were up for promotion, but they are now being cut off instead of receiving a rise in salary and a promotion. Today's layoffs caught everyone completely off guard.

Similar actions have also been taken by other Big Four companies. Plans to cut employees in its US consulting division were recently reported by Deloitte.

According to a statement released last month by Deloitte spokesperson Jonathan Gandal, there is still a high demand for the company's services overall.

Based on low levels of voluntary attrition, the firm's government clients' changing demands, and moderating growth in some areas, the company is implementing moderate personnel actions. KPMG lay off 330 workers in its US audit division in November, which amounts to around 4% of the company's staff.

Layoffs have Become a Common Scenario in 2025

With big companies like Google, Microsoft, and others continuing to reduce their workforces, layoffs in the tech sector are not expected to halt in 2025.

Companies are still cutting employees in an effort to simplify operations, save money, and emphasise automation and artificial intelligence, even though these figures are much lower than the major layoffs that occurred between 2022 and 2023.

Layoffs.fyi, a website that tracks layoffs in the industry, reports that 93 organisations have laid off nearly 23,500 tech workers so far this year, and the number is still growing.

Google and Microsoft are apparently contemplating a new round of layoffs, according to the most recent job reduction reports. According to reports, AI-led restructuring and performance-based terminations are part of the corporations' goals to increase the effectiveness of their personnel.