PwC to Cut 1,800 US Workers, Restructure Technology Unit (2)

PwC LLP will hand out pink slips to 1,800 US employees next month as the accounting giant streamlines its advisory practice and shifts in-house technology developers to work more closely with front-line professionals.

Some employees in the firm’s tax and assurance practices along with staff assigned to off-shore offices will also receive layoff notices in October. Staff learned of the impending job cuts, which will affect about 2.4% of the Big Four firm’s 75,000 employees, in a memo from the firm’s Senior Partner Paul Griggs on Wednesday, according to a person familiar with the firm’s actions.

“Execution of our strategy ...