PricewaterhouseCoopers (PwC) is overhauling its US advisory division, expanding its segments from four to eight to improve industry-specific offerings, The Wall Street Journal reported.

These modifications will be implemented on 1 July 2025, as the firm reacts to a resurgence in demand for advisory services.

The revised structure will incorporate managed services within each advisory segment, rather than keeping it as a standalone unit.

This adjustment aims to deliver more cohesive support for clients in areas such as information technology and human resources.

At present, PwC's advisory divisions comprise deals, cyber, risk and regulation, technology and business modernisation, alongside managed services.

The reorganisation will result in the cyber, risk and regulation division being divided into two separate areas, while the tech transformation division will be split into five distinct platforms, the report said.

PwC indicated that these changes are intended to address client needs for specialised support.

The firm has confirmed that no job cuts are anticipated as part of this restructuring, and it is actively seeking to fill thousands of advisory positions.

This recruitment drive follows a series of layoffs, with PwC eliminating around 1,800 roles last autumn, marking its first formal job reductions since 2009, according to the news agency.

Additionally, the company has also reduced its workforce by approximately 1,500 positions in May 2025, primarily affecting the audit and tax sectors.

The restructuring is part of a wider strategy led by US leader Paul Griggs to enhance operational efficiency.

Griggs has previously streamlined processes and reverted the US unit back to three business lines, reinstating tax as a distinct entity.

PwC's global advisory revenue rose 3.1% for the year ending June 2024, the slowest growth rate since 2020.

The firm aims to strengthen its consulting capabilities, particularly in e-commerce, through collaborations with major corporations such as Microsoft and Salesforce.

Managed services will now collaborate closely with the eight platforms, integrating their expertise into client operations.

Tim Canonico is set to succeed Nikki Parham as the leader of managed services, as she retires at the end of the month.

The restructuring underscores PwC's commitment to adapting to market demands and enhancing its service offerings in a competitive environment. The firm continues to prioritise individual performance as a crucial element of its operational strategy.

"PwC revamps US advisory division" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.