PwC to invest $12bn on hiring spree |
PwC has announced it is planning to invest $12bn and hire 100,000 new employees in areas including artificial intelligence and cybersecurity by 2026. The new appointments will see the Big Four accounting firm increase its global workforce of currently 284,000 by more than one third. PwC expects its staff count to exceed 384,000 five years from now, making up for any attrition with additional hiring. Tim Ryan, U.S. chairman and senior partner at PwC, said the investments are aimed at better advising companies that face increasing scrutiny from investors on issues such as data privacy, diversity and sustainability. In 2019, PwC said it would invest $3bn on technology and employee training over four years, part of which is being rolled into the new plan. Mr. Ryan said the firm intends to hire more experienced personnel in areas such as environmental, social and governance issues and offer new products that feature artificial intelligence and machine learning. PwC also is considering acquiring other companies to expand certain capabilities, for example climate-risk assessments, Mr. Ryan added. |
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