PWC Shakes up Advisory Arm, Hiring Thousands to Meet Consulting Demand – ryan

Pwc is overhauling itrs advisory arms and hiing for thusands of roles to increasing demand for advisory and consulting services.

The Big Four Firm Confirmed the restructuring to Business Insider on Tuesday. PWC’s Advisory ARM, WHICH PREVIOUSLY CONSISTED OF FOUR PLATORS, OR ADVISORY GROUPS, WILL CONSIST OF EIGHT UNDER The Reorganization, Which Taks Effect July 1. Those Advisory platforms are:

  1. Deals
  2. Cyber ​​Data and Tech Risk
  3. Risk & Regulatory
  4. Strategy
  5. Commercial & Service Excellence
  6. Business & Supply Chain Operations
  7. Digital Core modernization
  8. Cloud, Engineering, Data and Analytics

A spokesperson for pwc to told bi the eight platforms willer of more industry-specific solutions to meet client demand. They Also Said Managed Services, Which Can Involve Handling or Assisting With Core Business Functions Like Payroll or Hr, was previously its platform, but will be emboded in each.

The Wall Street Journal Previously Reported the Changes.

“PWC Advisory is excited to announce the expansion of our Our Services to Better Support Our Clients and Meet Evolving Market Demands,” Tyson Cornell, PWC US Advisory Leader, Said in a Statement provided to Bi. He Said the Reorganization was “Being Approached from A Position of Strength.”

“With the Market Rapidly Changing, We are Focused on How We Evolve, Concentrate Our Efforts, and Utilize it and Technology to empower all businesses and our clients,” Cornell Said.

A spokesperson for PWC Said the reorganization Waled Not Involve Layoffs and that the Company is Hiring for Thousands of Across Its Advisory Business to Meet the Needs of Clients.

The Changes Come After the Consulting Industry Experienced A Slowdown in Demand in 2023 and 2024, with some firms reporting increses Demand this year.

In September 2024, PWC CONDUCTED ITS FIRST LAYOFFS SINCE 2009, Affecting ARUND 1,800 Employees or 2.5% of Its US Workforce, which Includes Around 75,000 People. The Areas of the Company Most Impacted Were Advisory and Products and Technology.

PWC SAID LAST MONTH IT IT CUTTING AN ADDITIONAL 1,500 Jobs, Citting A Lack of Attriation. Those Cuts affected it Audit and Tax Businesses.

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