Sweeping staffing cuts have helped PwC spin-off Scyne Advisory narrow its loss to $9.7 million in the past financial year, putting it on track to deliver its maiden profit next year.
The public sector advisory firm, backed by private equity group Allegro Funds, had expected to be profitable in the 2026 financial year, but a broader slowdown in federal spending and more competition for public sector work has delayed that target.
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