New York City, May 6:┬аPwC (PricewaterhouseCoopers) has announced a new round of┬аlayoffs in the United States, which is affecting more employees┬аas it faces┬аchallenges. The UK-based fintech consulting firm started facing┬аissues after┬аthe collapse of Evergrande, a primary Chinese real estate developer.┬аThe latest round of PwC┬аlayoffs has affected 1,500 employees from the US.┬аA PwC spokesperson announced the layoffs┬аamid the company's ongoing global challenges.

PricewaterhouseCoopers started laying off employees┬аin China due to declining revenues and┬аclients┬аmoving away from its services. According to the reports, the┬аPwC spokesperson said that the decision about the layoffs was difficult, but the┬аcompany made it with care and thoughtfulness. The person said that the PwC layoffs decision was┬аtaken with a deep┬аawareness of the people, and the company┬аhad to take steps because of its historically low levels of attrition over the years.┬аTech Layoffs 2025: 51,028 Employees Laid Off by 112 Companies So Far This Year Due to Various Reasons, 23,486 Laid Off in April Alone.

Previously, PwC laid off 1,800 employees from the┬аUS workforce amid its restructuring exercise. This step was considered a major┬аjob-cut decision since 2009, which reduced the workforce by 2.5%. The company had been facing trouble with its business, and last month, it shut down operations in nine countries in the Sub-Saharan Africa region after careful review.

Reports suggested that PwC also reduced hiring in the United States amid the workforce reduction. Currently, the┬аBritish fintech consulting firm has around 75,000 employees working in the US.┬аPwC joins other┬аaccounting firms like KPMG, EY, and Deloitte, which have laid off several employees amid various challenges.┬аInfosys Layoffs: Indian IT Major Lays Off More 195 Trainees for Failing Internal Assessments, Marking 3rd Round of Trainee Job Cuts This Year.

This year,┬аaccounting, tech, automobile,┬аretail and various other sectors have been affected by the layoffs. In April 2025 alone,┬аvarious tech┬аcompanies laid off over 23,000 employees. The major contributor to the job cuts was Intel, which announced a reduction of 22,000 employees and significantly reduced its workforce by 20%.

(The above story first appeared on LatestLY on May 06, 2025 01:18 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).