Company: PwC
Date: 2017-11-28
Overall rating: 1/5
Employment status: current
Experience level: Confirmed

Cost Cutting
Pros: I learned a lot while at the company. Great if you want to be an accountant.
Cons: Tim Ryan does not seem to be following the same strategy of his predecessor - whereas Bob Moritz operated under the assumption that PwC's assets are it's people, Tim seems to be pushing an agenda that disincentivizes people from continuing with the firm. Since becoming chairman, he has pushed a major cost-cutting initiatives, trimming down health insurance plans, decreasing bonuses and number of annual promotions, and - most recently - adding an additional staff class level to the Advisory practice that decreases upward mobility.  I am not sure if all of this is part of a strategy to get people to leave the company due to decreased government regulatory requirements (and thus, an expected drop in business), but if so, the plan is working. The most talented half of my team has already quit, with several others on their way out.