PwC Australia is cutting more than 350 staff in a significant structural overhaul that follows last year's tax scandal.
PwC Australia is cutting more than 350 staff in a significant structural overhaul that follows last year's tax scandal.
"All people impacted will be contacted in the coming days, and, where possible, individuals will be invited to apply for new roles created by the changes in our business structure," a statement from PwC said.The overhaul comes in the wake of revelations last year of how PwC used its knowledge of Australian government secrets to help multinational companies avoid paying tax.
Today, PwC said the job cuts reflected its shift away from government contracts and towards "a private and corporate sector client base". "The purpose of this review was to ensure the firm is positioned for future success and long-term growth, therefore current to medium-term economic and market conditions were also taken into account.""This has been a very challenging and complex process, but an important one, as we realign our business structure with our new long-term strategy," he said.
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