I was around PwC through two separate rounds of the 'out'. Both called voluntary severance, both over-subscribed. The package would obviously depend on your length of service, but in both cases it included pay in lieu of notice, which is not bad with senior people on three or six months notice. Plus third party careeer advice, opportunities to buy company cars and PCs and the option to stop customer facing work immediately, while you think about the offer, for up to a month. Pretty generous terms, I thought, and plenty of people were interested in using it to fund a career change or move: often one planned anyway. The general view was that if the firm treats people decently, there would be a good chance that they go off, get high powered jobs and become source of future revenue. Of course, to qualify for these you have to have a good reputation and credible. Others were managed out which is never a good experience for anyone. F.
