Price Waterhouse Coopers- PwC in the news

PwC's 2025 workforce survey shows growing AI use and optimism but highlights the need for leadership to build trust, upskill employees, and create supportive cultures to harness AI's potential.

In 2025, PwC's revenue grew across all regions and services, with the Americas as the top contributor, driven mainly by financial services clients.

PwC cut its global workforce for the first time since 2010 amid heavy AI investments and slower revenue growth, facing regional challenges and scrapping prior hiring targets.

William Platt of PwC administers the Indian Boarding Homes Settlement, supporting compensation and healing for Indigenous Survivors.

PwC is cutting jobs in Canada with significant severance rights for non-unionized employees and legal support available for wrongful dismissal claims.

PwC employs a custom AI application to encourage employees to return to the office and improve team interactions.

Mobile money transactions in Zambia surged past K486 billion in 2024 amid over 100% mobile penetration and rising internet use.

Former PwC Australia CEO Thomas Seymour was deregistered amid a tax scandal revealing a culture of disregarding confidentiality.

Reinsurers rank climate change, cybercrime, and AI as top risks but feel underprepared to manage them effectively.

Global non-life run-off reserves grew to $1.13 trillion with cautious optimism for legacy market growth, driven by M&A and new capital inflows, amid new Lloyd's oversight rules.

Global non-life insurance run-off reserves have grown to $1.1 trillion, reflecting a mature and stable sector according to PwC.

PwC is accelerating junior accountants' career progression by using AI to automate routine tasks, enabling them to take on manager roles within three years.

U.S. holiday spending is forecast to decline sharply in 2025, with Gen Z cutting back significantly amid economic uncertainty, according to a PwC survey.

US holiday spending is forecast to decline sharply in 2024, with Gen Z cutting budgets significantly amid economic uncertainty and inflation.

PwC India expanded to Nagpur as part of its Vision 2030 to grow revenue, workforce, and regional presence, focusing on non-metro cities and future-ready skills.

PwC plans to cut entry-level hiring by one-third in three years due to technology shifts and low attrition.

PwC is conducting a feasibility study to establish a Caribbean regional stock exchange to enhance investment and economic integration.

PwC South East Asia Consulting held the 2025 APAC Financial Crime Summit to discuss regional financial crime challenges, showcase compliance innovations, and align strategies.

PwC India aims to create 20,000 jobs by 2030 while tripling revenue through expansion into smaller cities and focusing on digital and sector-specific growth.