PwC to Cut 1,500 Jobs in the U.S. Amid Low Staff Turnover

Professional services giant PwC has announced plans to lay off 1,500 employees in the United States due to lower-than-expected staff attrition. The job cuts, which affect about 2% of the firm’s U.S. workforce, will primarily impact the audit and tax departments.

According to reports, the move comes as the firm continues to experience unusually low employee turnover, leading to an excess in staffing. Some affected workers received meeting invites labeled “time sensitive,” where they were informed of the decision.

This is PwC’s second major round of layoffs under current U.S. Senior Partner Paul Griggs. Last year, the company restructured its products and technology unit, cutting 1,800 jobs.

The firm also plans to reduce its recruitment of new graduates, although internship offers already extended will still be honored.

PwC joins other Big Four firms, including KPMG and Deloitte, in adjusting their workforce amid slowing demand for advisory services and tighter government contracts. These layoffs reflect broader shifts in the consulting industry as companies navigate a challenging economic environment and recalibrate their staffing strategies.