PwC Cut Jobs of ~60 Partners and ~1,500 Staff in Middle East: FT

PwC has culled around 60 partner and 1,500 staff roles across its Middle East business, the Financial Times reports, citing people familiar with the matter.

• PwC started cutting many of these roles from February as Saudi Arabia’s Public Investment Fund suspended new advisory contracts with the firm
• The company employed 500 partners and 11,000 staff across the region as of its most recent financial year, one of the people told the FT
• PwC declined to comment to the FT
• NOTE: March, A Slowdown in Saudi Arabia Is Roiling the Consulting Market

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