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(UPDATE) Layoff Watch ’10: Checking on PwC in Florida

Caleb Newquist
October 19, 2010

~ Update includes clarification of the number of layoffs.

Remember those 500 layoffs that PwC announced in July? Jeff Harrington of the St. Petersburg Times reports, “According to a state-required layoff notice filed Friday, 280 jobs will be phased out by Dec. 31.”

According to the report, many layoffs occurred immediately:

PwC said another 150 positions have already been cut since July, with half of those displaced workers finding other jobs through PwC or a third-party vendor it is using, India-based Tata Consulting Services. The other half left voluntarily after finding other jobs outside the company.

That leaves 70 unaccounted for at this time and we’re trying to determine when these are happening. It’s our understanding that the 150 is a bit of squishy number so that may make up part of the difference but it remains a mystery (as Big 4 layoffs tend to be). SEE UPDATE BELOW.

As for the 200 positions tax and accounting that the firm said it is adding, the Times reports that they’ve added 30 positions so far since “last summer.”

If you’re in the know about the layoffs in Florida (or anywhere else for that matter) get in touch with us at tips@goingconcern.com and we’ll keep you updated as we hear more.

About 280 PricewaterhouseCoopers workers in Tampa get pink slips [St. Petersburg Times]

UPDATE – October 19, 2010: A source at PwC has informed GC that the number of layoffs is actually 470, a figure that was determined a few months subsequent to the July announcement of 500 cuts. Employees that comprise 280 cuts mentioned in the Times article were notified by letter that their last day would be December 31st. The source confirmed that half of the 150 employees cited in the article did obtain internal jobs with the firm or Tata Consulting Services while the other half resigned or found positions outside the firm.

Our source said that the remaining 40 IT cuts are being made in offices around the country and that the employees were notified in July. The exact timing of these cuts was not immediately known. We’ll keep you updated.