PwC has announced that they will hire 100,000 employees over the next five years. They will hiring these employees globally.

PwC plans to get many of these new hires from mergers and acquisitions of other firms and also from competitors. Bob Moritz spoke about this in an interview.

They plan to hire 25,000 to 30,000 in the United States. Of those people they hire in the United States, 10,000 will be from the Black and LatinX communities.

If PwC is so pro-diversity why is their global chairman white – Bob Moritz?  Why is their U.S. CEO white? Tim Ryan?

PwC claims that they will hire the majority of these employees to focus on ESG standards. ESG stands for environmental, social and governance. PwC and the other accounting firms see great potential in ESG and other government regulations to come. They hope to win tons of work off of consulting their existing clients on additional reporting measures required by various governments around the world.

COVID established increasing governmental control. ESG and diversity oversight will only increase coming out of the pandemic.

PwC and the other accounting firms are hoping to hit gold from all the potential government regulation.