PricewaterhouseCoopers (PwC) is a privately owned multinational professional services network founded in 1854. Operating as a network of partnerships under the PwC brand, it is headquartered in the UK and employs approximately 288,310 people. PwC primarily provides IT services and IT consulting and is recognized as the second-largest professional services network globally, ranking among the "Big Four" accounting firms alongside Deloitte, EY, and KPMG.
PwC announced plans to cut approximately 1500 employees and 60 partners in the Middle East. This job reduction follows a dispute with Saudi Arabia’s Public Investment Fund (PIF), indicating strain in a major regional business relationship. Separately, PwC sold local offices and parts of its business to private equity firms, reflecting a broader industry trend of increased technology adoption. A deadline of September 25th was announced for entries to the inaugural Transformation Awards, with a judging panel including a transformation lead from PwC.
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