PwC Cuts Back on Pay Rises and Bonuses for UK Staff
The PWC offices in London.
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PricewaterhouseCoopers is cutting pay increases and bonuses for some of its 25,000 UK employees, according to a person familiar with the matter.
The professional services firm is freezing pay bands for auditors at the senior associate level. The majority of audit associates and senior associates will see higher salaries due to promotions, according to the person, who asked not to be named discussing internal matters.