PwC: Restructuring of CN Audit Staff is a Difficult Decision

　　PricewaterhouseCoopers is reportedly considering laying off up to half of its Chinese financial services audit staff, as well as about 20% of its other audit teams and non-audit business lines.

　　PwC's public relations team, as quoted by the media, responded that the company had optimised its organisational structure in line with market demand due to changes in the external objective situation. The firm has always valued its staff and has invested heavily in talent development over the years, and this is a difficult decision to make.

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　　PwC is in the process of fully communicating with its staff and ensuring that the adjustment plan complies with the relevant provisions of China's labour laws.