<ul><li>PwC has announced a significant round of layoffs in the US, cutting around 1,500 jobs, approximately two per cent of its US workforce.</li><li>Layoffs primarily impact PwC’s audit and tax divisions due to slowing demand, with many affected employees being recently joined or in early roles.</li><li>PwC conducted internal reviews and redeployed staff before resorting to job cuts because of persistently low staff turnover and imbalanced workforce needs.</li><li>The move follows industry trends, with other Big Four firms also downsizing US workforces due to sluggish attrition rates and subdued demand in consulting.</li></ul>

PwC cuts 1,500 jobs in the US amid business restructuring

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