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Jun 28, 2025
PwC announces layoffs, reduced salary increases
PwC is set to cut about 175 junior auditor jobs in the UK by August, with some non-British staff on company visas also affected.
The move comes as demand for certain services drops and fewer employees are choosing to leave on their own, so the firm is tightening up its team.
TL;DR
PwC will give UK staff a smaller pay bump
Alongside the layoffs, PwC will be giving UK staff a smaller pay bump this year—just 2.5% from July, compared to last year's 3%.
These changes reflect bigger challenges across the industry as companies adjust to shifting market conditions and rethink how they manage costs.