PwC Restructuring Strategy: Impact on 1,800 Employees in US

PwC , a major accounting firm , is set to ballad off around 1,800 employee in the US , represent about 2.5 % of its work_force . The reason behind this decision is to restructure its merchandise and technology group in response to decrease demand for certain advisory services . The cut will primarily affect employee in the US advisory and merchandise and technology operations , with approximately one-half of the layoff happen offshore.

The firm is being tight - lipped about the layoff , with affect employee not expect to be officially inform until October . stopping_point year , PwC had hint at performance reappraisal being use as a tool to weed out underachieve staff without fall_back to mass layoff . However , it look that these measure were not enough to avoid the current situation.

This is not the first time PwC has fall_back to layoff . The stopping_point significant round of layoff was report back in 2009 , when the company offshored many function to cut costs . Despite PwC 's repute as a top employer with competitive wage and benefit , the world for many employee has been quite different . The company has been quietly slash occupation in Holocene old_age , lead to a growth sense of insecurity among its workforce.

The news of the layoff has sent shockwaves through the industry , with many questioning the firm 's decision - devising procedure . The uncertainty surround who will be Lashkar-e-Taiba go has make a tense atmosphere within the company , with employee left in oblivion until the official announcement in October . It remains to be see how this restructure will impact PwC 's future operations and repute in the accounting industry.

In decision , PwC 's decision to ballad off 1,800 employee highlight the challenge facing the accounting industry in the current economic climate . The move to restructure its merchandise business is a strategic decision aim at adapt to change market conditions . However , the impact on affect employee and the company 's overall image remains to be see . As the situation blossom , it is necessity for PwC to communicate transparently with its staff and stakeholder to voyage this difficult time_period successfully.