PwC US unit laying off 1,800 employees, plans restructuring of products business
3 months, 1 week ago

PwC US unit laying off 1,800 employees, plans restructuring of products business

Live Mint  

PricewaterhouseCoopers ’s U.S. unit is laying off about 1,800 workers, its first formal layoffs since 2009, and restructuring its technology group as the firm faces slowing demand for some of its advisory business. The Big Four accounting firm is in the process of cutting employees in the U.S. and elsewhere, primarily in its U.S. advisory and products and technology operations, according to people familiar with the matter. “There will be an element of resource action that will impact a relatively small proportion of our people, something that is never easy," Paul Griggs, PwC’s U.S. leader, said in the memo. “To remain competitive and position our business for the future, we are continuing to transform areas of our firm and are aligning our workforce to better support our strategy, including attracting and moving the right talent and skill sets to the areas where we need them most," Tim Grady, PwC’s U.S. chief operating officer, said in a statement to The Wall Street Journal.

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PwC US to lay off 1,800 employees, 2.5% of its workforce to be impacted
3 months, 1 week ago

PwC US to lay off 1,800 employees, 2.5% of its workforce to be impacted

Hindustan Times  

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Cisco layoffs: Company to cut jobs of 6,000 employees amid AI pivot
4 months, 1 week ago

Cisco layoffs: Company to cut jobs of 6,000 employees amid AI pivot

Hindustan Times  

Cisco is planning to cut 7% of its global workforce, the company said in a filing with the US Securities and Exchange Commission. This restructuring plan is expected to impact approximately 7 percent of Cisco’s global workforce,” the company said in the filing. The process would consist of severance and other one-time termination benefits as well as additional other costs …

PwC layoffs: Mass job cuts at company after exodus of clients in China
5 months, 1 week ago

PwC layoffs: Mass job cuts at company after exodus of clients in China

Hindustan Times  

PricewaterhouseCoopers LLP is reportedly cutting staff across its China operations after an exodus of corporate clients in the country. PwC layoffs: More than half of one team was laid off although the final tally of firmwide cuts wasn’t immediately clear, the report claimed. The report claimed that at least 100 staffers from different teams at PwC China’s offices in Beijing, …

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