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International Business Times UK
International Business Times UK
Vinay Patel

PwC Axes 1,500 US Jobs While Splashing Millions on 'Pointless' Rebrand

PwC's recent decision to cut 1,500 jobs in its US operations has drawn fire, particularly as it coincides with the unveiling of a new, simplified logo as part of a global brand update. (Credit: Pexels)

In a move that has left employees fuming and industry watchers raising eyebrows, accounting giant PricewaterhouseCoopers (PwC) has unveiled a costly brand refresh mere days after slashing 1,500 jobs from its American workforce.

The 'Big Four' firm revealed its redesigned logo on 6 May – swapping its familiar multi-coloured butterfly for two orange parallelograms – whilst simultaneously wielding the redundancy axe across its US operations.

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