Jobs cut at firm's US consulting arm
Big Five firm PriceWaterhouseCoopers has said it plans to cut as many as 1,000 jobs, or 8% of its 12,000 employees, at its US consulting unit.
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.