PricewaterhouseCoopers plans to lay off around 1,800 workers in its U.S. unit, reported The Wall Street Journal, citing anonymous sources and an internal memo.
These form the company’s first formal layoffs since 2009, reported WSJ.
The layoffs could affect around 2.5% of the U.S. unit’s workforce. Those who may be let go will be notified next month, per the outlet. The affected departments could include the U.S. advisory and products and technology operations. A range of employees in various sectors could come under its scope, claimed the sources.
The company’s technology group could also undergo restructuring in the process. Decisions related to company products and investments are also set to be taken.
A number of large tech and business firms have announced layoffs this year, including Intel, Salesforce, Cisco, and PayPal.
Published - September 13, 2024 02:30 pm IST
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