Yes, PwC (PricewaterhouseCoopers) has conducted significant layoffs in its U.S. operations, impacting around 1,800 people in late 2024 and another 1,500 in early 2025, with smaller cuts in business support roles in late 2025, totaling thousands of job losses as they restructure for slower growth, increased AI focus, and shifting client demand, despite earlier hiring pledges.
PwC is abandoning its hiring target for 2026, settling on workforce reductions to help right itself back as a thriving member of the Big Four.
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'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.
A: The ban followed PwC's attempt to poach Jason Davies, Neom's former Chief Internal Audit Officer, which Saudi authorities viewed as a breach of trust. The PIF action was client-specific, not regulatory, and only affected advisory and consulting mandates—not audit services.
“Historically low attrition” combined with “continued market shifts” necessitated the cuts, PwC US assurance leader Deanna Byrne said in an email to staff seen by Business Insider. Many of the staff who were laid off were newer hires, the Financial Times reported.
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.
The RationalFX analysis, which examined layoffs reported by TrueUp, TechCrunch, and multiple state WARN databases, points to economic uncertainty, elevated interest rates, and accelerating AI and automation adoption as reasons that 2025 marked “another year of sustained downsizing following the post-pandemic correction ...
In May 2025, PwC laid off approximately 1,500 more U.S. employees (around 2% of its U.S. workforce), primarily in its audit and tax lines. Meanwhile, KPMG pursued additional cuts, including a round impacting roughly 4% of its U.S. audit workforce later in 2024.
PwC recruiting is undergoing one of its biggest shifts in decades. An internal presentation, shared with an alumni group, shows it will hire nearly one-third fewer entry-level associates in the US by 2028. Why? Artificial intelligence, offshoring, and historically low attrition rates.
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.
KPMG is much better than Deloitte, PwC and EY! Best in work life balance, amazing culture and people centric firm ✨ KPMG best!!!!
PwC has announced plans to lay off approximately 1,500 employees across its US operations, including fresh graduates, as it grapples with sustained low staff turnover and changing business demands.
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.
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.
Is PwC a good company to work for? PwC has an overall rating of 3.7 out of 5, based on over 1,03,370 reviews left anonymously by employees. This rating has decreased by 2% over the last 12 months. 71% of employees would recommend working at PwC to a friend and 61% have a positive outlook for the business.