PwC Commits to Retaining Office Space Despite Prevalence of Home Working

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30 October 2020

The UK chairman of PricewaterhouseCoopers has confirmed that the accounting firm is not planning to downsize any of its office space, despite the “new normal” of working from home.

Kevin Ellis, PricewaterhouseCoopers’ (PwC) UK chairman told The Times that “hybrid working is here to stay, and therefore the office will remain a key part of working life.”

PwC is one of the “Big Four” accounting firms, and the second-largest professional services firm network in the world.

This news comes as reports emerge that competitor Deloitte plans to close four of its 50 UK offices, affecting 500 employees.

Rival Deloitte Closing Offices

Whilst Deloitte looks to close offices in Liverpool, Southampton, Gatwick and Nottingham due to a reduced need for physical office space resulting from the COVID-19 pandemic, PwC is instead emphasising its value.

Ellis said: “The future of the market for office space is difficult to predict, if anything at the moment we need more space than ever because of social distancing.

“From the messages I get from our people, I know that many really value having the option to use an office, whether for a personal or business need.”

22,000 of PwC’s UK staff have been mainly working from home since the initial coronavirus lockdown.

The firm has offices in London Bridge and Embankment, as well as in other locations across the UK.

Picture: a photograph of a person using a micro scooter outside a large office building

Article written by Ella Tansley | Published 30 October 2020

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