[Translated from German to English]
“When the times are good, [PwC] hires young talent en masse, let them work through day and night, and when it comes down to it, put the team out on the street.”
— an unnamed PwC Switzerland employee, when asked what they think about the firm’s cost-cutting measures due to COVID-19, which include deferring promotions and raises, partners taking a 20% salary reduction, and possible layoffs.
PwC stops promotions and wage increases [Inside Paradeplatz]
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