Accounting giant, PwC, has announced plans to lay off approximately 1,500 employees in the United States of America, accounting for about 2% of its U.S. workforce.
The company, which employs over 75,000 people across the U.S., confirmed the development in a statement to Reuters on Monday.
Describing the move as difficult but necessary, PwC attributed the decision to historically low attrition rates over recent years.
“This was a difficult decision, made with care and consideration. Persistently low attrition levels have made this step unavoidable,” the company said.
The announcement comes on the heels of broader restructuring measures by the firm. Just last month, PwC ceased operations in nine Sub-Saharan African countries — including Ivory Coast, Gabon, Cameroon, and Senegal — as part of a strategic overhaul.
These exits were linked to efforts to streamline operations and reduce exposure to high-risk or underperforming markets.
Meanwhile, internal sources previously revealed PwC was considering cutting up to half of its financial services audit staff in China, amid regulatory scrutiny and client losses in that region.
Reports suggest tensions have grown within PwC’s global leadership structure, especially over efforts to de-risk client portfolios.
In some African markets, local partners reportedly experienced revenue declines exceeding one-third after being directed to sever ties with clients flagged as high risk.
PwC operates as a global network of affiliated but independent partnerships. The recent layoffs and exits reflect the firm’s ongoing strategy to restructure its operations amid shifting economic and regulatory pressures.
