news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Tencent News "First Line"

Author Zhu Yuting

Editor Liu Peng

“This adjustment was a difficult decision.”

On July 17, in response to rumors that "PwC will lay off half of its financial auditing employees in China," a PwC official confirmed the news to Tencent Finance.

PwC said that due to changes in external objective conditions, it has optimized its organizational structure in accordance with market demand. "We have always valued talent and have invested heavily in talent training for many years. This adjustment is a difficult decision. We are gradually communicating with employees and ensuring that the adjustment plan complies with relevant provisions of China's labor law."

According to data, PricewaterhouseCoopers (PwC) is one of the Big 4 international accounting firms. The financial services audit business in China that has been confirmed to be cut has at least 2,000 employees in mainland China, mainly concentrated in offices in Beijing and Shanghai, covering clients such as banks, insurance companies, asset management and wealth management companies.

In addition, PwC is considering laying off about 20% of employees in other audit teams and non-audit business lines.

Recently, PwC has also been caught inChina EvergrandeThe audit scandal also led to major changes in its management. From July 3, 2024, Li Dan will replace Zhao Baiji as the chairman of PwC Asia Pacific and China. Zhao Baiji officially retired on July 1.

In addition, according to incomplete statistics, more than 30 listed companies have ended their cooperation with PricewaterhouseCoopers this year and have switched to other accounting firms, resulting in a serious loss of audit income for the firm.