PwC is looking to shrink its new class of US consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganises its business lines.

The Big Four accounting firm is considering adding about 85 US consulting partners effective 1 July, down from 174 a year earlier and more than 200 two years earlier, people familiar with the matter said. The figures include both partners and principals, which are partners who aren’t certified public accountants.