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PwC Announces It’s ‘Aligning Its Organizational Structure’ and Using Fewer BS Words in Job Titles

Close-up of PwC logo on an office in Munich, Germany

I wish I’d written this news up hours ago when I got a PR email about it, AT scooped us. Oh well.

Here’s the news as it was delivered to me:

Today, PwC US’ next senior partner, Paul Griggs, introduced our new leadership team—the Operating Committee. You can learn more about all the leaders here [link to the Our US Leadership Team page on PwC’s website].

Who cares. You’ll notice though that the new leadership roles that take effect on June 30, 2024 use fewer nonsense words than the current ones.

Current:

New:

So that’s nice. What else?

Paul also announced that PwC US is aligning its organizational structure across three lines of service— Assurance, Tax and Advisory—to better serve client needs, their buying patterns and the market.

Oh! Well that’s interesting. If you don’t know, Paul is taking Tim Ryan’s place as overlord of PwC US when Tim leaves in June.

This is the LinkedIn post, I took a screenshot because LinkedIn hates embeds.

You tried to click play didn’t you. All it is is these faces appearing one-by-one.

Text:

I’ve spent more than half my life at PwC because it’s given me the space and support to grow. It’s part of why I’m so energized about our future and the incredible opportunities ahead. And I’m thrilled to share a few updates that will help #TeamPwC be even more client-centric, tech-powered and agile—ready to take on just about anything, together.

I’d like to introduce our Operating Committee—our incoming leadership team—effective July 1. These leaders are market focused, inspiring and committed to harnessing the amazing talent, capabilities and creativity of this firm to help us as we continue to deliver quality and grow in new ways—as a team and as individuals. You can get to know them here: https://lnkd.in/e5dez-Gy.

We have the right leadership, people and technical capabilities to achieve remarkable things. And we will be relentless in our pursuit of providing quality work across the firm and in serving our clients, the markets and our stakeholders.

It’s never good when they start throwing words like “agile” around. Here’s an example: now-PwC global chairman and former PwC US top dog Bob Moritz telling a story about the importance of being agile:

Heat-tested in Texas. Here’s a great story about the importance of being agile and learning all you can from the opportunities you’re presented with. Early in her career, one of my partners at PwC was assigned to our Houston office. She was asked to look at some R&D credit projects for one of our oil industry clients. She found herself working in a trailer with feeble air conditioning, wearing then-standard formal business attire, in the middle of the Texan summer. She felt — almost literally — like a fish out of water. But the experience turned out to be pivotal for her. She was out in the field — observing refineries, studying plans, learning from the engineers who knew their business best — and she was developing energy industry expertise from the ground up. That project led to another and another, and that former junior staffer now leads our energy practice in the United States.

It was only a few weeks ago Financial Times reported Deloitte will be trimming its five main service lines down to four–audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal. “In an attempt to eliminate silos, some staff will be transferred to an expanded audit and assurance arm, including those working on environmental, social and governance,” said FT in their piece.

So expect some moving around in the coming months at PwC I guess? And more succinct job titles.

One thought on “PwC Announces It’s ‘Aligning Its Organizational Structure’ and Using Fewer BS Words in Job Titles

  1. Are they back to calling it “Assurance” again, or are they still sticking with the stupid name “Trust Solutions”? God, I cringe every time I hear them refer to their audit practice as “Trust Solutions”. If you’re looking for a way to make people think that maybe they shouldn’t trust you, put the word “trust” in your title.

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