'Not enough quitters' | PwC slashes headcount in lieu of cutting executive pay, blames low attrition rates

PwC, one of the "Big Four" accounting firms, has announced plans to cut up to 600 jobs in the United Kingdom as it grapples with slower growth and a decline in employees voluntarily leaving the company.

The decision has raised eyebrows, as PwC's leadership has defended maintaining competitive pay packages for its senior staff, including its partners.