The firm estimated the number of job cuts at between 750 and 1,000 jobs, and said it was the result of major companies reducing or delaying their spending.
In January this year PwC announced plans to cull almost 10% of its UK-based partners.
The firm’s bid to sell off its consulting arm to Hewlett Packard collapsed in November last year after the IT giant announced disappointing annual results.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel