PwC to cull 1,100 jobs in the US
PricewaterhouseCoopers, the world's largest professional services firm, is set to lay off 1,100 staff in the United States as part of a restructuring process.
The news comes just weeks after the Big Five firm announced plans to cull up to 1,000 jobs at its consulting arm.
A PwC spokesman told Accountancy Age: ‘This does not involve people who provide services to clients. It will only affect support staff. It is just a 2% downsizing of the total US workforce.’
The redundancies will affect areas such as HR, marketing and payroll. These internal services will then be consolidated and carried out by remaining support staff.
A spokesman for PwC in the UK said the firm did not rule out the possibility of the same occurring in the UK in order to ‘keep the cost base competitive’. But, he said, there were no plans at the moment to cut back on support staff.