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  

PricewaterhouseCoopers is set to lay off approximately 1,800 employees, marking its first major workforce reduction since 2009. According to The Wall Street Journal, the layoffs will affect about 2.5% of the firm’s U.S. workforce and 0.6% of its global employees. PricewaterhouseCoopers to lay off 2.5% of its US workforce The layoffs are targeting employees in advisory, products, and technology divisions. PwC calls the layoffs part of restructuring effort The layoffs are part of a broader restructuring effort aimed at positioning the firm for future growth.

Employees Firm Lay Pwc Layoffs This Move  impacted  lay  operations  leader  pwc  1800  layoffs  pricewaterhousecoopers  25  employees  technology  firm  workforce  restructuring

History of this topic

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
1 week, 2 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

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, …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
3 months, 2 weeks ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

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, …

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech
10 months, 1 week ago

Cisco Systems to lay off more than 4,000 workers in latest sign of tighter times in tech

Associated Press  

SAN FRANCISCO — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence. Combined with a wave of layoffs last year, the workforce reductions …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report
10 months, 1 week ago

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report

ABP News  

The US-based communication technology firm Cisco reportedly intends to trim its workforce to concentrate on areas of growth following the recent trend of job reductions by pears. The company is gearing up for a business restructuring that will result in the termination of thousands of employees, reported the news agency Reuters. However, a source familiar with the matter revealed to …

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas
10 months, 1 week ago

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas

Hindustan Times  

Amid the recent layoffs by multiple tech and retail giants, Cisco has also decided to cut jobs. Cisco announces its decision to lay off thousands of employees Cisco to layoff thousands of employees as part of its restructuring plans The outlet adds that while the company has announced its layoffs, it is yet to decide the number of employees that …

Accounting giant PwC to cut up to 600 jobs
1 year, 1 month ago

Accounting giant PwC to cut up to 600 jobs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Accounting giant PwC will cut …

PricewaterhouseCoopers to trim 600 UK jobs after resignations decline
1 year, 1 month ago

PricewaterhouseCoopers to trim 600 UK jobs after resignations decline

Hindustan Times  

PricewaterhouseCoopers LLP is to slash as many as 600 jobs in the UK in response to a fall in the number of staff leaving the accounting giant to work elsewhere. PwC, which has 25,000 UK staff, is set to launch a voluntary redundancy program for between 500 and 600 employees The firm, which has 25,000 UK staff, is set to …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Discover Related