PwC Cuts Around 60 Canadian Jobs, Girding for Economic Slowdown
Signage at the lobby of PricewaterhouseCoopers Australia office in Sydney, Australia, on Thursday, May 25, 2023. The Australian government has referred a PwC tax scandal to the police and asked them to consider a criminal investigation as political scrutiny mounts.
(Bloomberg) — PricewaterhouseCoopers, the global accounting firm, eliminated 60 jobs in Canada as the company braces for the fallout from the nation’s economic slowdown, according to people familiar with the situation.
The company employs about 7,700 people in Canada. It had already cut about 2% of its workforce in the country at the end of last year.
“We routinely review our business model to best meet the evolving needs of our clients, and to enable us to deliver differently, as we adapt and respond to changes in the market. Due to our most recent review, we had to eliminate some roles,” said Anuja Kale-Agarwal, a spokesperson for PwC, who declined to say how many jobs were cut.
Preliminary data suggest that Canada’s economic growth stalled in March, fueled by a slump in manufacturing and retail trade, Statistics Canada reported last month. That followed a weaker-expected expansion the month before.
Most Read from Bloomberg
©2024 Bloomberg L.P.