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PwC invests $3B in ‘New World, New Skills’ program

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Big Four firm PwC is launching a new program, entitled “New World, New Skills,” that will focus on the growing mismatch between people’s existing skills and the new skills demanded by the digital economy. The firm will invest $3 billion over the next four years in upskilling — primarily in training PwC staff, but also in developing and sharing technologies to support clients and communities.

The news comes in conjunction with PwC’s annual earnings report, which revealed global revenues to be up 7 percent over last year to $42.4 billion and 25,000 new jobs created worldwide. In addition to the $3 billion it’s investing in the New World, New Skills program, PwC claims it is on track to becoming “one of the most cloud enabled organizations in the world.”

“The skills gap is an issue that goes to the heart of our purpose and we have the scale and experience to make a measurable impact,” said Bob Moritz, PwC’s global chairman, in a statement. “That’s why today we are launching New World[,] New Skills — a commitment to tackle this important problem for our people, our clients and the communities in which we operate.”

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