PWC fixes its advisory arm and employ thousands of roles to meet the increasing demand for consulting and consulting services.
Big Four confirmed the restructuring of Business Insider on Tuesday. The consulting arm of the PWC, which was previously composed of four platforms, or consulting groups, will consider eight under reorganization, which is on July 1. These consulting platforms are:
- Deals
- Internet data and technology risk
- Risks and organizational
- Strategy
- Commercial excellence and service
- Business series and supply chain operations
- Digital foundation update
- Cloud, engineering, data and analyzes
A PWC spokesman told BI that the eight platforms will provide more industry solutions to meet the customer’s request. They also said that managed services, which could include dealing with basic business or help jobs such as salary or human resources lists, were previously their own platform, but they will now be included in each of them.
Wall Street Magazine I mentioned previously the changes.
“The PWC Extriptory is excited to announce the expansion of our services to better support our customers and meet the requirements of the advanced market,” Tyson Cornell, the US consultant leader, said in a statement to BI. He said that reorganization “was dealt with from the position of power.”
“As the market changes quickly, we focus on how we develop, focus our efforts, and use artificial intelligence and technology to enable our business and customers,” said Cornell.
A PWC spokesman said that reorganization will not involve the demobilization of workers and that the company is employing thousands of roles through its advisory work to meet the needs of customers.
The changes come after the consulting industry witnessed a slowdown in demand in 2023 and 2024, as some companies reported the increase in demand this year.
In September 2024, PWC has performed its first layoffs since 2009, which affected about 1,800 employees or 2.5 % of the workforce in the United States, which includes about 75,000 people. The fields of the company were the most advisory influencing, products and technology.
Last month, PWC said it was cutting 1,500 additional jobs, noting that there was no depletion. These cuts affected the audit and tax companies.
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