PwC Lays Off 1,500 US Workers in Second Round of Reductions (1)

PwC LLP said Monday that it plans to cut roughly 1,500 jobs targeting its tax and assurance practices in the US accounting and consulting giant’s second round of layoffs since September.

The Big Four firm cited two years of historically low levels of turnover for the reduction in force. The cuts will impact about 2% of the firm’s 75,000 US employees, according to a person familiar with PwC’s actions.

PwC is just the latest Big Four firm to hand out pink slips as they reposition their service lines and thousands of professionals to meet shifting client demands.

Staff in a legacy technology unit will also be affected as the firm, also known as PricewaterhouseCoopers, completes a reorganization meant to bring its in-house technology staff closer to front-line professionals and clients. PwC began issuing layoff notices to employees on Monday, the person said.

“This was a difficult decision,” the firm said in a statement. “Historically low levels of attrition over consecutive years have made it necessary to take this step.”

Last fall, PwC laid off 1,800 employees as it restructured its technology unit and streamlined its advisory practice. But tax and assurance staff, along with employees assigned to off-shore offices, were also caught up in the reductions.

Competitor Deloitte LLP, a federal government contractor heavyweight, said last month that it would take personnel actions based on the “evolving needs” of its public sector clients amid Trump administration scrutiny of spending on consulting work. PwC, which reported $23.5 billion in US revenue in 2024, previously sold its government consulting practice.

The job cuts were first reported by the Financial Times.