PricewaterhouseCoopers (PwC) has laid off around 1,500 employees, approximately 3% of its US workforce, due to an industrywide slowdown. The cuts primarily affect the audit and tax divisions after a prolonged internal review. Many employees were surprised by the sudden layoffs, despite hiring having been curtailed earlier. The move reflects broader challenges across the Big Four accounting firms, which are dealing with reduced staff turnover and economic uncertainty. Competitors like KPMG and Deloitte have also made significant cuts this year as they recalibrate staffing levels to match demand.
— new from New York Post
