PricewaterhouseCoopers (PwC) is cutting around 1,500 jobs in the United States, the firm confirmed on Monday, citing persistently low employee turnover as the reason for the workforce reduction.
The layoffs, which account for about 2% of its U.S. workforce, come as the global consulting and accounting firm adjusts to shifting market conditions. PwC currently employs over 75,000 people in the U.S.
“This was a difficult decision, made thoughtfully and with a deep understanding of its impact on our people,” a company spokesperson said.
The U.S. job cuts follow a broader strategic overhaul that recently saw PwC shut down operations in nine Sub-Saharan African countries: Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, Democratic Republic of Congo, Republic of Congo, Guinea, and Equatorial Guinea.
In a statement, PwC said the closures were part of a strategic review aimed at ensuring the long-term sustainability of its global network. The firm cited a focus on “de-risking” its client portfolio and operating in more stable, profitable markets.
Reports indicate internal friction between global leadership and local African partners over the decision, especially as revenues reportedly dropped by more than 30% in some countries due to pressure to cut ties with high-risk clients.
The closures represent one of the most sweeping regional pullbacks by a Big Four accounting firm in recent memory and underscore the growing challenges firms face in balancing global risk management with local market realities.
PwC emphasized that it remains committed to its core markets and continues to assess global operations to align with evolving business needs.
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