Pwc

Consulting & Accounting • Consulting & Accounting • London, United Kingdom • Website

PwC is a British multinational professional services network and one of the 'Big Four' accounting firms. It provides assurance, tax, and advisory services to clients across various industries worldwide. The firm focuses on helping organizations build trust and solve important problems, leveraging technology and deep industry expertise.

Layoff History

5,600 employees (1.5%)

Nov 3, 2025

Reason

PwC initiated a global workforce reduction of 5,600 employees during its fiscal year 2025 (ending June 30), driven by a significant slowdown in global revenue growth (2.9% in FY2025, a third consecutive year of decline). This strategic realignment is a response to a challenging economic climate, the need to reinvent the business, and substantial investments in next-generation AI capabilities to boost productivity. The firm also abandoned its ambitious 2021 pledge to hire 100,000 new employees globally by mid-2026, shifting focus from headcount expansion to efficiency and technological integration. Contributing factors also include internal scandals and regional challenges, leading to a strategy prioritizing 'quality over size,' including withdrawal from 13 countries and client portfolio adjustments.

Affected Departments

Business Support Functions (MarketingITCommunicationsHR)AuditTaxAdvisory ServicesTechnology SupportAssurance

Affected Locations

GlobalUnited StatesMiddle EastUnited Kingdom (reduced graduate recruitment)Asia-Pacific

Source: PwC cuts head count amid slowing revenue growth View Source →

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