In 2025, PwC significantly restructured, cutting approximately 5,600 jobs globally—including roughly 1,500 U.S. roles—due to slowing revenue growth, overhiring, and low turnover. The firm shifted from expansion to cost-cutting, abandoning previous aggressive hiring targets amid a 2.9% revenue increase to $56.9 billion for the fiscal year.
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.
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.
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.
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.
2025 was a brutal year for layoffs. Even perceived winners in the AI-fueled economy, like Meta, announced workforce reductions.
40 Jobs AI Will Most Likely Replace
Regulators accused the firm of concealing or condoning fraudulent practices linked to the $78 billion collapse of property developer China Evergrande. PwC had audited Evergrande for nearly 14 years before cutting ties in early 2023. The fallout triggered a wave of client departures and staff layoffs in China.
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.
Our brand identity refresh introduces a new brand system so that wherever a client is in the world they will have a consistent and relevant PwC experience. All the elements that make up our visual identity—logo, colour, photography - have evolved to position our capabilities as relevant for our clients and our people.
The "Rule of 70" in layoffs isn't a universal law but a common, informal company policy where an employee becomes eligible for enhanced severance or retirement benefits (like early retirement, better healthcare) if their age plus their years of continuous service total 70 or more, often requiring them to be at least 55 with 10 years of service. While Jack Welch's 10% Rule (firing bottom performers) is different, the Rule of 70 helps companies structure generous packages for long-term employees during restructurings, potentially avoiding age discrimination claims by offering attractive terms for older, experienced staff facing layoffs.
Here are 10 jobs predicted to decline and perhaps even become obsolete in the next decade:
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.
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.