PricewaterhouseCoopers (PwC), one of the Big Four accounting firms, is making some major changes to how it operates. Effective July 1, PwC’s advisory arm is undergoing some significant reorganization efforts to address growing demands for industry-specific consulting services. After a recent design overhaul that left many employees frustrated after the change was quickly followed up with layoffs, the company is working on fixing its image and getting the business back on track.
PwC is set to realign itself with its customer base and reassert itself as a leader in its industry and is following the changes to its advisory division with an elaborate hiring plan, all while leveraging AI technology.
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PwC’s Advisory Arm Undergoes Reorganization Efforts to Bring the Business Back on Track
PwC’s reorganization strategy is an ambitious one and involves expanding its advisory business by doubling its advisory platforms from four to eight. These platforms are designed to offer more industry-specific insights and solutions to meet its client’s demands and serve them better in a rapidly changing market. The current decision of its advisory group includes the deals segment; cyber, risk, and regulations segment; technology and business modernization segment; and managed services.
According to the Wall Street Journal, the cyber, risk, and regulations segment will be divided into two groups cyber privacy and tech risks, along with a separate overall risks and regulation segment. The tech transformation segment will split into five separate arms front-office consulting; industry-specific strategy; supply chain; traditional finance and HR; and cloud engineering and data analytics. The deals segment will remain unchanged.
The new structure embeds managed services like payroll or HR functions into each of these eight platforms rather than maintaining it as a standalone unit to cater to all. This should help with deeper integration into its services and better client responsiveness as the need arises. PwC’s overhaul of its advisory is targeted at tailoring its expertise and services to the business in a more comprehensive way, which could be a game changer for clients who take the bait.
The reorganization is described as a strategic move to build “more connected, responsive, and accountable” client relationships, emphasizing innovation, data utilization, and technology-driven services.
PwC is Hiring Instead of Laying off Workers
While workforce reduction efforts have led the way in other parts of the business, PwC has explicitly stated that the advisory arm reorganization efforts will not result in layoffs. This approach is refreshing to see and underscores the need for stability during critical transition periods in any business.
The decision comes after a challenging period for the firm, which resulted in layoffs of approximately 1,800 workers in 2024, or 2.5% of its workforce, primarily in the advisory and products and technology wings, and further layoffs in May 2025, where workers in the audit and tax divisions were affected. The advisory arm is PwC’s largest source of business and revenue, so it’s unsurprising that the company is set to target growth in this particular unit of its business.
The PwC advisory division is expected to start hiring for thousands of advisory roles, with the expansion of its business opening up new opportunities for those interested in working at the organization. Specific details about the roles have not been disclosed as yet and it’s likely that the organization will first look internally to see if existing employees can meet the demands of the newly-minted roles.
PwC’s Strategic Reorganization Efforts Spell Good News For the Job Market
The advisory arm reorganization at PwC is a positive step forward, not just for the business but the industry at large. It conveys optimistic tidings for the future of the industry while also reassuring the job market that there is work to be found. The clear messaging from leadership regarding the avoidance of layoffs addresses some of the unease that workers have been carrying around in the past months and is something that more businesses should invest in for the future of their business.
PwC’s focus on AI, analytics, and industry-specific expertise signals a shift towards future-ready skills and is a sign to HR professionals in other businesses to prioritize these qualities in its workforce as well. This is advice not just for hiring teams but for the creation of upskilling programs for employees as well.
For HR professionals, the changes at PwC underscore the importance of agile talent management, transparent communication, and upskilling to navigate market shifts. As PwC positions itself for the future, its focus on AI, analytics, and client-centric solutions sets a benchmark for building resilient, future-ready teams in the consulting industry.
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