PwC Australia Cuts Hundreds of Jobs in Overhaul to Lower Costs

PwC Australia has begun a round of job cuts that will reduce headcount by more than 300 staff, part of a broader restructure at the embattled firm that’s attempting to lower costs.

The consultancy will make 329 roles redundant, while as many as 37 partners will be accelerating their retirement over the next nine months, according to a statement Wednesday. The reductions will hit all lines of service and support functions, PwC said. The firm is also reconfiguring its management leadership team to add a chief information officer and chief financial officer, it said.

The reductions comprise some 5% of ...