PwC Sheds Around 60 Partners and 1,500 Staff in MidEast, FT Says

PwC has cut around 60 partners and 1,500 staff in the Middle East following a falling out with Saudi Arabia’s sovereign wealth fund, the Financial Times reported.

The Big Four accountancy firm began to cut jobs in February after the fallout worsened an existing slow down in demand for its services in the Middle East, the FT reported, citing people familiar with the matter that it didn’t identify.