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PwC cuts 5,600 jobs and drops 100,000 hiring target

PwC has let go of 5,600 workers around the world and stopped its plan to hire 100,000 people by 2026. This came after the company's revenue growth slowed down to 2.7%, which is $57 million, and that's slower than its competitors Deloitte and EY, who saw growth of 4.8% and 4% respectively.

The company has used AI tools and trained more than 315,000 employees, which is the first time they've reduced their number of workers since 2010.