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07 Sep 2001
PricewaterhouseCoopers (PwC) has cut over seven per cent of its UK consulting workforce, due to falling demand for tech experts in the current economic slump.
The firm said in a statement that it had asked around 280, or 7.3 per cent, of UK consulting staff working in client facing, infrastructure and support functions, to accept voluntary redundancy.
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A PwC spokesman said much of the firm's recent growth had been driven by technology, and these areas had been hit by the sector's current economic slowdown.
News of the redundancy plan follows soon after PwC cut 78 of 180 jobs offered to graduates in its management consultancy wing, due to "dwindling activity" in the sector.
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