In the white-hot job market that held sway last October, PricewaterhouseCoopers launched a spirited talent hunt. It extended lucrative offers to a score of business and economics majors at Rutgers University in New Jersey who were eager to embark this summer on careers with the big accounting and consulting firm. Some of them will be heading for the beach instead. The company has postponed their corporate debuts until next January. Says a senior: "We were gearing up to start our jobs, and then this letter came. But at least they're not laying us off."
Not yet, anyway. The delay reflects the...