PwC Lays Off 1,500 US Workers in Second Round of Reductions (1)

PwC LLP said Monday that it plans to cut roughly 1,500 jobs targeting its tax and assurance practices in the US accounting and consulting giant’s second round of layoffs since September.

The Big Four firm cited two years of historically low levels of turnover for the reduction in force. The cuts will impact about 2% of the firm’s 75,000 US employees, according to a person familiar with PwC’s actions.

PwC is just the latest Big Four firm to hand out pink slips as they reposition their service lines and thousands of professionals to meet shifting client demands.

Staff in a ...