Home Australia PwC Australia sacks 366 staff as part of a major restructure

PwC Australia sacks 366 staff as part of a major restructure

by Elijah
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PwC Australia sacks 366 staff as part of a major restructure

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PwC Australia will make 366 roles redundant, with the firm announcing it will cut 329 staff and up to 37 partners.

The restructuring is said to ensure that the business model is simplified in the wake of a controversial year in business.

PwC’s tax practice was discovered to have misused confidential government briefings to help clients change impending tax laws.

PwC was forced to sell its public consulting business – worth up to $1 billion – for $1 last year.

Almost 350 jobs were also cut at the end of last year, with several partners also taking early retirement.

The company’s Skilled Services Hub in Adelaide was also closed as part of the restructuring, shedding 141 jobs as a result.

The firm has also recently lost several clients, including Westpac, which dumped PwC as its external auditors after a 20-year partnership in November

PwC Australia has been contacted.

More on the way

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