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The PWC cuts the record number of the UK partner and stops the technical apprenticeship system.

The PWC cuts the record number of the UK partner and stops the technical apprenticeship system.

 


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The record number of PWCS UK partners ended in 2024, and the BIG FOUR company stopped one of the apprenticeship and reduced the highest and bottom to balance profitability.

According to the Financial Times, a total of 123 partners left the big four companies last year.

The pressure on the partner number and junior recruitment was made of a firm battle to protect nearly 1 million annual profit pools per partner, which was hit by a slowdown in demand after the rapid aversion to the entire consulting sector.

According to people who are familiar with this problem, PWC has stopped hiring one of the apprentices and has been graduated from this year, so he stopped the previous practices by refusing to provide permanent jobs to some cohorts.

The company has provided a flying start technology apprentice with other programs for school athletes since 2018, but the website found that the system did not accept the current application and that people close to the company were suspended.

Through the four -year system, apprentices can gain work experience with PWC's degree, one of the UKS TOP 10 AppRENTICESHIP employers.

According to those who have been familiar with this problem for the past few years, students who have received at least 2: first graders have been provided with permanent jobs. However, PWC said that this year's program will not provide a permanent role when 27 of the 91 apprentices will graduate.

According to the FT's e -mail, the change was based on changes in market conditions and customer demands.

Some of the students who refused to play a permanent role missed the window to apply for other Big Four companies because they expected PWC to provide jobs if they had obtained the necessary results, One Apprentice said.

Recruitment of graduate and school rivers in the top accounting company has been weakened over the past year. In 2024, PWC recruited about 1,500 students from universities, universities and schools, compared with 1,793 universities and principals in the previous year. Rival KPMG hired 942 graduates and apprentices, 33 % less than last year.

PWC's other cost reduction measures instructed employees not to inform their colleagues why they left, but not to establish a new executive director title to maintain the senior employees without promoting the partnership.

The UK PWC partner received an average of more than 1 million people from June 12 to June 2022. However, this figure is less than in the last two years, and an average of 862,000 people in 2024, which has reduced spending due to higher costs and transaction droughts.

According to the UKS Corporate Registry, Companies House, 74 PWC partners were terminated only in December, compared to the average 12 exit in the last 21 years.

In December of the partner exit, Bump was a senior partner of the PWCS UK and Middle East in July and came out immediately after entering Marco Ami Tran North. The second highest year of the exit of the partner was when 2016 was elected Kevin Ellis, the predecessor of Amitranos, and 95 partners left.

The number of partners in PWC increased, especially for many years after the UK company was combined with a network Middle East in 2009.

PWC has maintained the largest partner pool of the Big Four company. According to Companies House Data, there are 1057 to 987 stock partners in 2023. EY and Deloitte have 873 and 757 stock partners, and KPMG has 458.

PWC refused to comment.

Sources

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2/ https://www.ft.com/content/dee26dbe-8436-4f34-83eb-91cb18bf988d

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