Yes, PwC has been actively reducing its workforce through layoffs, with significant cuts in 2024 and 2025. In May 2025, Yahoo Finance reported the firm laid off approximately 1,500 employees in the U.S. (around 2% of staff), following a previous round of 1,800 cuts in late 2024, driven by low turnover and cost-cutting.
PwC scrapped its pledge to add 100,000 employees globally by mid-2026. Instead, it cut 5,600 jobs in the year ending June 30, bringing its headcount below 365,000. The hiring target was set during a post-pandemic boom but is now deemed unrealistic amid slower growth and AI disruption.
The boom started to dwindle in 2023, when Deloitte, EY, and KPMG made staff cuts. PwC US followed suit, laying off around 1,800 people in October 2024 and 1,500 more in May 2025.
PwC has faced an exodus of clientele and layoffs since last year. PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting firm aims to prevent repeats of scandals that have affected it, the Financial Times reported on Wednesday.
PwC is set to lay off approximately 175 junior auditors in the UK, due to market challenges, reported the Financial Times (FT). The decision to initiate compulsory redundancies marks a departure from the firm's usual practice of voluntary severance, particularly within the audit division.
PwC's global leadership is taking steps to protect the firm's reputation by ending relationships with clients considered “high-risk.” The Big 4 has ceased operations in more than a dozen countries due to the market being, Too small to scale. Client risk being too high.
The PwC tax scandal was a scandal involving PwC's abuse of the Australian Government's secrets to enrich itself and its corporate clients. PwC, and other Big Four accounting firms, give advice to governments on writing tax law, and also corporations seeking to avoid those laws.
In 2025, PwC was seen turning to layoffs instead, reducing its headcount by 5,600 employees to 365,000, instead of adding to its ranks. In order to meet the 2026 target, Business Insider estimates that PwC will have to hire over 40,000 workers over the next 12 months if it has any hopes of meeting its goals.
PwC trimmed its global workforce by 5,600 in its 2025 fiscal year, an apparent departure from a previous pledge to boost head count. Back in 2021, Bob Moritz, PwC's former global chair, said the firm would hire 100,000 new employees by the middle of 2026.
2025 was a brutal year for layoffs. Even perceived winners in the AI-fueled economy, like Meta, announced workforce reductions.
Global revenue
For the 12 months ending 30 June 2025, PwC firms around the world recorded gross revenues of US$56.9 billion, an increase of 2.9% in US dollars and 2.7% in local currency over the previous financial year's gross revenues of US$55.3 billion.
KPMG is much better than Deloitte, PwC and EY! Best in work life balance, amazing culture and people centric firm ✨ KPMG best!!!!
PricewaterhouseCoopers is laying off about 150 employees in marketing, human resources, operations and other support functions, with more cuts expected, as it works to reorganize U.S. business services and ramp up use of AI and data.
In February 2025, PIF announced a wide-ranging ban on employment of PwC's consultants. The ban was brought into place shortly after PwC hired around 70 forensic investigators, mostly from Deloitte Middle East in a coordinated poaching operation in October (IO, 17/02/25).
In July 2002, it was rumored that PwC was in talks with an unknown public company, as no PR space or announcement for the impending IPO had been set. Those rumors were confirmed in August 2002, when PwC announced it sold Monday to IBM for approximately $3.5 billion in cash and stock.
PwC India aims to triple revenue by 2030; vision champions 'Kal ka Bharat' and echoes India's growth story. Aims to achieve this ambition through increased investments in technology, AI-led delivery, new market opportunities, and expansion to a 50,000-strong workforce.
PwC and Deloitte are the most prestigious
If you ask most people about prestige, they'll probably rank PwC/Deloitte > EY > KPMG. This is reflected in pricing, for example.
Yes, PwC provides signing bonuses, relocation packages, and allowances in addition to base salary and performance bonuses.