After PwC lost several large orders in succession, it was revealed that it had started silent layoffs
PricewaterhouseCoopers, an accounting firm that has been at the forefront of the scandal due to Evergrande's financial fraud, has recently lost its annual audit projects for listed companies. Last year, its largest audit project, the Bank of China, with an audit fee of about 200 million yuan, also lost its largest audit project. Judging from the termination situation, PwC’s lost orders accounted for 20% of its annual A-share audit projects, and the amount of losses accounted for more than 50%. ,
It is reported that PwC has recently launched a round of "silent layoffs" plan in the UK. This is the second round of layoffs for PWC UK in the past year. At the end of last year, PwC had already carried out about 600 job cuts. The company has not issued an official internal announcement regarding the layoffs, but affected employees have been notified individually. The cuts mainly involve the advisory, risk and operations management services divisions in London and Belfast.
Hawk_Finance 06-14
PwC/PricewaterhouseCoopers/Evergrande Group