PwC will cut about 2,000 jobs in the United States and restructure its product division

On September 12, according to the Wall Street Journal, PwC's US branch is laying off about 1,800 people, accounting for 2.5% of the total number of employees. This is the first official layoff of the company in many years, and it is restructuring its product and technology departments to simplify operations and deal with the decline in demand for certain consulting services. About half of the layoffs are overseas and involve employees from assistants to managing directors, including business services, audit and tax departments, according to people familiar with the matter.