PwC, a professional services firm, plans to cut up to 600 jobs in the UK. The firm will offer a voluntary redundancy programme for 500-600 employees but will make compulsory redundancies if not enough people choose to leave. The redundancies will mainly affect PwC’s advisory business, with some jobs in the tax department also impacted. The audit division will not be affected. The job cuts will affect employees at all levels, with a larger number of junior and mid-level roles being cut. This reflects the firm’s structure, which has more junior employees. In other news, the President of the US, Joe Biden, urged Israeli Prime Minister Benjamin Netanyahu to agree to “tactical pauses” in the conflict with Hamas. The death toll in Gaza has exceeded 10,000 and calls for a humanitarian ceasefire are growing. WeWork, a desk-renting start-up, has filed for bankruptcy and is seeking to restructure its lease obligations. Manchester United shareholder, Nick Train, expressed uncertainty about the club’s future as talks with potential investor Sir Jim Ratcliffe continue. Former US President Donald Trump delivered heated testimony in a fraud trial that threatens his business empire. OpenAI plans to launch a store with customized versions of ChatGPT, turning the chatbot interface into a digital platform similar to iOS and Android. Joe Biden is facing challenges as he prepares for the upcoming US election. Many smaller emerging markets are struggling with high US interest rates, according to the World Bank. More than 200,000 people have been expelled from Pakistan and told to return to Afghanistan under Taliban rule. UK universities that rely on fees from international students are seeing lower grades from non-EU students.
>>Join our Facebook Group be part of community. <<