PwC is creating a joint venture merging its US and Indian member firms into a single entity of roughly 40,000 people. The deal is scheduled to be signed on September 14, 2026, with Sanjeev Krishan, currently chair of PwC India, stepping into the CEO role. The restructuring aims to pool technology, engineering, and AI capabilities under one roof. AI is eating into the kinds of work that offshore consulting centers have traditionally handled, and PwC would rather cannibalize its own model than let a competitor do it. PwC UK had previously merged its risk and consulting units in April 2026, combining 4,600 employees and roughly £1.1 billion in revenue.
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