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~50 Partners to Leave PwC HK Office This Mth; Multiple Departments Face 20-30% Pay Cuts: Report
PricewaterhouseCoopers (PwC), which recently lost contracts with 16 Hong Kong-listed companies over the past month, is undergoing a staffing shake-up at its Hong Kong office, accor...
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~50 Partners to Leave PwC HK Office This Mth; Multiple Departments Face 20-30% Pay Cuts: Report
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PricewaterhouseCoopers (PwC), which recently lost contracts with 16 Hong Kong-listed companies over the past month, is undergoing a staffing shake-up at its Hong Kong office, according to HK01.

It is reported that around 50 partners are expected to leave this month, and employees in several departments are facing pay cuts of 20-30%. PwC declined to comment on the report.

Related NewsG Sachs' Forecasts on 2025/ 26 PE, 2024-26 EPS Growth for CN Dotcoms (Table)
After losing state-owned enterprise clients, PwC is said to focus its resources on the telecommunications, media, and technology (TMT) sectors.

Given its long-standing relationships with TENCENT (00700.HK)  0.000 (0.000%)    Short selling $686.49M; Ratio 10.172%   and BABA-W (09988.HK)  -1.700 (-1.437%)    Short selling $1.71B; Ratio 19.496%   , it is also believed that PwC is unlikely to be easily replaced by these major clients.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)

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