Promotions at PwC delayed for six months

PwC has reportedly told around 100 graduates that they will have to spend an extra six months on the graduate scheme, firm insiders have told the Financial Times.

The reduction in business demand, challenging market conditions and headcount pressures at the firm have all been put forward as reasons behind the delay.

The announcement only affects those who joined in October and November 2022, said the newspaper. Meanwhile, those who joined in September that same year are eligible for promotion.