PwC graduate roles under threat from AI, accountancy firm boss says


Every year, the company hires thousands of new graduates in entry-level positions – including 1,300 in the UK and 3,200 in the US last year – but it recently dropped long-term plans to continue increasing its headcount.

In 2021, PwC said it wanted to hire 100,000 people over the course of five years – but Mr Kande said this would no longer be possible.

“When we made the plans to hire that many people, the world looked very, very different,” he said.

“Now we have artificial intelligence. We want to hire, but I don’t know if it’s going to be the same level of people that we hire – it will be a different set of people.”

Last year, PwC cut more than 5,600 roles across its worldwide operation.

The boss of the company’s UK business has previously spoken about reducing graduate recruitment, admitting that AI was “certainly reshaping roles”.

At a global level, however, Mr Kande insisted that the AI boom was an “exciting time” for creating new jobs.

“We are looking for hundreds and hundreds of engineers today to help us drive our AI agenda, but we just cannot find them,” he said.


Leave a Reply

Your email address will not be published. Required fields are marked *