When accounting goes unaccounted for
[Translated from German to English]
“When the times are good, [PwC] hires young talent en masse, let them work through day and night, and when it comes down to it, put the team out on the street.”
— an unnamed PwC Switzerland employee, when asked what they think about the firm’s cost-cutting measures due to COVID-19, which include deferring promotions and raises, partners taking a 20% salary reduction, and possible layoffs.
PwC stops promotions and wage increases [Inside Paradeplatz]
This just in:
PwC West Coast just got issued the increased spot bonuses you talked about in this article:
[Bonus Watch: Pre-Turkey Spot Bonuses at PwC?]From what I have gathered, they were either $1,500 or $2,000 in amount. (I have talked to several peers about this)
This is in addition to chatter we heard last week about bonuses being awarded in New York. If your city’s office is spreading the holiday cheer, discuss below or email us the details.
UPDATE, Thursday circa 11:00 am: Another tipster begs to differ on the amount:
I haven’t checked my paycheck yet- but my bonus sure as heck wasn’t $1500-$2000. I was told I was getting about $800.
Now we’re talking! Nothing like calling your shot.
Moritz did his best Joe Namath today on PwC’s firm wide webcast today (is it over?) so all that speculation of P. Dubs phoning in 2010 can be put to rest. WRITE. IT. DOWN.
If you’ve got other thoughts or details on the web cast, get in touch and discuss in the comments.
Most people would look at the year PwC Chairman and Senior Partner Tim Ryan has […]