Exclusive: PwC set to cut audit jobs amid market slowdown Big Four PwC is set to slash its headcount in its UK audit division, the latest in a series of redundancies at Big Four accountancy giants. City AM understands that those affected are senior associates and managers in the audit practice. It is understood this is due to low staff attrition in the firm’s audit practice, a [...]
PwC moves to unify global services as AI reshapes consulting sector Big Four Big Four firm PwC is drawing up a blueprint to standardise its consultancy services across its global business, as the sector faces mounting pressure from the rapid rise of AI. As businesses continue to invest in AI, the cracks in what this will mean for broader businesses are starting to show, with layoffs being blamed [...]
UK retains investment appeal but CEO confidence falters Business The UK has strengthened its position as a global investment hub over the last twelve months, as it works to offset competition from other countries. Britain remained the second-most attractive destination for international investment for chief executives last year, according to the latest survey from PwC, but now shares the position with Germany and India. [...]
PwC UK profits edge up as headcount reductions take effect September 17, 2025 Big Four giant PwC UK has shown steady financial recovery, with revenue, profits, and profit per partner all increasing slightly compared to the previous year, largely due to the implementation of headcount cuts. For the year ended 30 June 2025, PwC UK generated £6.35bn in revenue, up 0.4 per cent on the previous year. Its [...]
Exclusive: City firms matched with UK diplomats in growth push April 10, 2025 Top City firms including Big Four consultancies are hosting Foreign Office diplomats as part of the department’s efforts to become the “salesforce for UK plc”. More than 100 diplomats and representatives from professional services firms, including KPMG and EY, have been paired up in a bid to improve British business representation overseas. The scheme was [...]
PWC cuts partners and apprenticeships amid slow demand March 12, 2025 Consulting giant PWC UK has made record cuts to its partner ranks and paused its tech apprenticeship scheme to protect partner profits in the face of a sharp decline in consulting demand. According to corporate filings, 123 partners left the Big Four firm in 2024, more than double the annual average since 2002. Meanwhile, the [...]
Big Four giant PwC names new Northern boss January 9, 2025 Big Four giant PwC has named its new Northern boss to succeed the incumbent who is retiring. Emma Suchland has been appointed as the firm’s new regional market lead for the North. She will take over from Armoghan Mohammed, who held the title of regional chair, who is to retire. Suchland joined the accountancy giant [...]
Hays: Recruitment giant’s shareholders stage major revolt against PwC November 20, 2024 Shareholders in recruitment giant Hays have staged a major protest over the reappointment of PwC as its auditor. Just over 20 per cent voted against the reappointment of the accountancy giant to the role it has served since 2016 at Hays’ annual general meeting. At the same meeting, 19.8 per cent of shareholders voted against [...]
EY reports single-digit growth as workforce figure drops October 17, 2024 EY's revealed its global results showing single-digit growth for the Big Four firm, against the backdrop of smaller headcount
PwC UK profit falls as partner pay drops to £862,000 against backdrop of AI push September 25, 2024 PwC UK has reported single-digit growth in revenue but on the backdrop of the groups profits and partner pay dropping, again