PwC Sets Record for Largest Simultaneous ‘Suze Orman for Kids’ Session

Posted on by Caleb Newquist

On Tuesday, a bunch of PwC partners and staff in Southern California, Arizona, and Nevada attempted to hold the attention of third, fourth, and fifth graders with the topic of personal money management. There were so many P. Dubbers involved in fact, that it set a GUINNESS WORLD RECORDS title for "The Largest Simultaneous Financial Literacy Lesson in Multiple Locations." Although slapping a GUINNESS WORLD RECORD on it seems like overkill, it sounds like a worthy cause since most school kids are about as responsible with money as a drunken sailor during Fleet Week. [PwC]

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Layoff Watch: PwC

Editor’s note: Francine McKenna is a regular contributor for Going Concern

We’ve gotten reports of recent layoffs of over 100 professionals in the Advisory practice and 40 in U.S. IT. The IT professionals were out of the Tampa office, including some that were Lotus Notes developers. Right. We didn’t know anyone still used Lotus Notes either.
Sources indicate that this was more “forced ranking” layoffs as many were high performers that were dismissed because of suddenly ‘less than expected’ ratings. We’ve covered PwC’s less than clear approach in the past.

PwC has not immediately responded to our requests for comment.

We reached out to Francine McKenna, of Re: The Auditors and she provided this comment:

“PwC is the biggest abuser of the “forced ranking” approach, artificially downgrading folks to make them feel lousy, alone, and uncomfortable discussing or otherwise reacting to getting let go. They refuse to admit they are overstaffed because they would view it as a direct indication of their inability to manage effectively (notice I said manage, not lead).”

If you have more details on these layoffs, send us an email to our tips address and discuss in the comments.