PwC reported a 2.9% increase in global revenue, reaching $56.9 billion for its 2025 financial year, marking its third consecutive year of slowing growth. The firm also cut 5,600 jobs, reversing its earlier plan to expand headcount by 100,000 by 2026.
PwC Revenue Growth Slowing
Chairman Mohamed Kande said PwC is investing in technology and talent to reinvent itself amid economic uncertainty and AI disruption.
While advisory services grew 4.5%, assurance and tax lagged behind competitors. EY and Deloitte posted stronger growth, narrowing the revenue gap. PwC plans further changes in 2026, including reduced graduate hiring and structural shifts to stay competitive.
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