PwC to Lay Off 1,500 Employees in the U.S., Citing Low Turnover

Consulting giant PwC is set to lay off approximately 1,500 employees in the United States, primarily affecting its review and assess divisions. The move takes after a period of unusually low employee turnover, inciting the firm to rebalance its workforce.

With this decision, PwC becomes the most recent part of the “Big Four” accounting firms to report staff decreases in the midst of moving industry elements. The cutbacks reflect progressing alterations to workforce arranging as request stabilizes and maintenance rates remain tall across professional services.