'We will work closely with impacted individuals to ensure they are aware of their options and next steps,' says CEO amid layoffs
PwC Australia is cutting 366 roles as part of a major restructure within the organisation, according to reports.
A total of 329 staff are being made redundant, while up to 37 partners will be told that their retirement will be fast-tracked, 9News reported.
According to the report, which cited a statement from the consulting giant, affected staff will be invited to apply for new roles created by the restructure.
"These roles will be advertised internally, before being put to market," the statement read as quoted by 9News.
Kevin Burrowes, CEO of PwC Australia, said the organisation is in the process of realigning its business structure with their "new long-term strategy."
"I'm extremely proud of the contribution every individual at PwC Australia makes to this firm and their ongoing commitment to producing exceptional results for our clients," Burrowes said as quoted by 9News.
"We acknowledge that days like today are especially difficult for those affected, as well as their teams and colleagues. I can assure you that we will work closely with impacted individuals to ensure they are aware of their options and next steps."
PwC Australia's tax scandal
The company's leadership team will also see changes with the introduction of a Chief Information Officer and Chief Financial Officer, news.com.au reported.
The restructure came after a sweeping review of the organisation in the wake of a tax scandal that erupted last year, according to the reports.
News.com.au reported that the restructure was allegedly a way to keep the company's business model simplified amid the scandal.
PwC Australia has been embroiled in a major tax scandal that has led to the stepping down of former CEO, Tom Seymour, and the standing down of several unnamed partners. The company is also now banned from winning new contracts with the Department of Finance and is suspended for other major government projects.
