The embattled consulting firm is cutting staff levels again as its business continues to face fallout from the tax leaks scandal.
Embattled consulting firm PwC is slashing its staffing levels again as it restructures a business that continues to suffer as a result of the fallout from the tax leaks scandal.
PwC Australia CEO Kevin Burrowes says the cuts will help realign the business structure with the firm’s new long-term strategy. The firm, one of the big four accounting firms along with EY, Deloitte and KPMG, has come under immense pressure this year, and was forced to spin off its lucrative government business for $1 after partners at the firm allegedly used“This has been a very challenging and complex process, but an important one, as we realign our business structure with our new long-term strategy,” PwC Australia chief executive Kevin Burrowes said.
The latest cuts come just days after longtime PwC client Westpac announced the replacement of PwC as its auditor. The firm generated more than $70 million in fees with the bank over the past two years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PwC Australia job cuts: 329 staff, up to 37 partners axed in $100m cost-cutting driveEmbattled professional services firm PwC Australia will swing the axe in a second round of major job cuts in as many years, including up to 37 partners.
Read more »
Westpac ditches PwC as auditor, signs with KPMGWestpac says KPMG will take over from PwC as its external auditor from its 2025 financial year.
Read more »
News Media Bargaining Code: How Facebook argued its bill down in tax fight with ATO, with help from PwCThe tech giant settled a long-running dispute with the tax office in 2017 for $31 million – here’s part of what PwC argued on Facebook’s behalf.
Read more »
Leaked Albanese staff message flags early electionThe leaking of a text message from the prime minister’s chief of staff will trigger discussion about a possible election in 2024.
Read more »
‘Shipping’, ‘slash fic’ and ‘Gaylors’: fans can find community through ‘queering’ idols‘Real person Slash’ imagines queer relationships between celebrities, and whole sub-fandoms emerge around queer ships of real people.
Read more »