PricewaterhouseCoopers is all set to implement its plans to expand its global workforce. It will invest $12 billion to hire one lakh people in the fields of artificial intelligence (AI) and cybersecurity, by 2026. Currently, it has about 2.8 lakh employees in its workforce. The strength is expected to increase to over 3.8 lakh in the next five years.
The London-based professional services company, is working to improve its advising capability with focus on data privacy, diversity and sustainability. In 2020, the Company had taken on about 63,000 people worldwide. Of these, at least 8,000 were new positions, while the rest were existing vacancies. Back in 2019, the Company had reveals its intentions to spend about $3 billion on improving technology and training its employees over a period of four years. Part of that plan has become part of this latest move to hire a lakh and spend on skilling.
Since 2016, PwC has already invested over $7 billion on talent and other areas.
Bob Moritz, chairman, PwC, is confident that the Company will continue to evolve in terms of the way it works and expand its capabilities in the areas that will be of significance in the future world of work. At the same time, it will remain committed to quality as always as it wants its people “to be the most sought after in the market.”