Accounting giant PwC to cut up to 600 UK jobs with staff ‘reluctant to leave on their own’

PwC will cut around 600 jobs in the UK as staff have been reluctant to leave on their own, according to a report.

The accounting giant confirmed that it planned to make ‘voluntary severance offers’ to some of its staff as attrition numbers were lower than usual.

PwC did not mention any job numbers, but the Financial Times reported that it is targeting around 500-600 cuts.

The business will try to find volunteers for the redundancy programme, but could be forced into compulsory redundancies if not enough people come forward. 

A spokesman said: ‘In light of lower than normal attrition rates and subdued growth in parts of the business, we are making targeted voluntary severance offers to some of our people.

‘Decisions about jobs are never taken lightly – this is about flexing our business to demand. There are still areas of good growth and recruitment.’