Archive · 21 Sep 2025
PwC Lays Off 1,500 Employees After Saudi Dispute
PwC, a big consulting company, had to let go of about 1,500 employees and some partners in the Middle East.
This happened because they had a falling out with Saudi Arabia's Public Investment Fund, which then stopped PwC from doing any consulting work for a year.
This has caused financial issues for PwC, although partner's pay has remained steady.
The company's profits haven't grown much, and they are restructuring due to a slowdown in business in the region.
PwC laid off approximately 1,500 employees and 60 partners in the Middle East.
The job cuts resulted from a breakdown in relations with Saudi Arabia's PIF.
The PIF imposed a year-long ban on PwC consulting contracts.
Partner compensation stayed flat despite the workforce reductions.
PwC's revenue showed minimal growth amid challenging economic conditions.
- Who
- PwC
- What
- Initiated job cuts and faced a ban on consulting contracts in Saudi Arabia
- When
- Job cuts began in February 2025; PIF ban started in February
- Where
- Middle East
- Why
- Due to a breakdown in relations with Saudi Arabia’s Public Investment Fund (PIF)
- Company
- PwC (PricewaterhouseCoopers)
- Job Cuts
- Approximately 1,500 employees and 60 partners
- Region Affected
- Middle East
- Cause
- Breakdown in relations with Saudi Arabia's Public Investment Fund (PIF)
- PIF Ban
- Year-long ban on PwC consulting contracts in Saudi Arabia
- Partner Pay
- Remained largely unchanged in UK and Middle East
- Revenue Growth
- Minimal growth in 2025