Is it just me or does it seem like in the US market mid-sized firms have taken the biggest hit from the virus. Big 4 and maybe top 10 seem to be able to navigate with out paycuts or major layoffs abd

likesmart

Hello I'm EA of Seb ( Deloitte Canada consulting head) , can you confirm if I covered all minutes of meeting ? I need to send this fast else I loose my job with no severance

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Any suggestions on what to do differently considering the current economic climate? I’m at a Big 4 firm (not Deloitte) and concerned about layoffs. I haven’t taken any vacation this year and don’t want to take the voluntary hour reduction either. I plan to just keep my head down and deliver/sell as best I can. Should I be more proactive? Get involved with a specific big account I’ve been avoiding for a while now?

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How are layoffs/paycuts/other compensation decreases looking across the Big 4 in the US? Wondering if they’re coming soon as our consulting practices continue to suffer.

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Has EY US committed to no layoffs this year? Or is it just PR?

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Have an offer to start at Deloitte in July in Org Transformation consulting. If it doesn’t get pushed out because of the virus, is it a good time to switch firms in July? Concerned that layoffs may be imminent if I am so new to the firm. I will be coming in at the Consultant level if that matters.

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Did EY freeze hiring for the US roles? How are things over there? Layoffs, pay cuts, etc.

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Anticipating some layoffs this summer. What is the payout for folks who are let go? SC, been with Deloitte for about 3 yrs

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Does everyone think there will be lot of layoffs at the big 4, or are our jobs secure? Wife wants to quit her job to take care of our baby so wondering if it makes sense, or should wait it out a few months just in case.

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Anyone know how MBB is doing with start dates and layoffs? I feel like big 4 are doing similar things would love to hear what the Crown Jewels are up to lol

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Is Deloitte hiring or going through layoffs? Looking for a referral to an IT Support position. Thanks in advance.

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So my utilization is currently low and EY announced they would be doing layoffs starting July 1. I've decided to apply to other places. I am currently in the process of getting my clearance (tbc)

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How long til big4 start layoffs? No recurring rev & slow pipeline. They will hold people as long as possible primarily bc its “product” & expensive to hire & retrain but math will take over

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Salaam my brothers and sisters. EY basically announced that there would layoffs starting July 1 and because my utilization is quite low, I am going to start applying to other places. (Tbc)

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So...you think EY forensics is going to see layoffs in July?

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Has Deloitte tax heard anything about layoffs yet? Just saw the news about audit

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How are things at other consulting firm in view of on-going COVID-19 crisis? In Deloitte situation is looking pretty bad, in anticipation of layoffs, firm is asking folks to consume all their vacation

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Any updates on layoffs, hiring freezes, freezes on promotions/raises/bonuses at Big 4?

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So which firms have had layoffs so far? Ive only heard of midtier firms, no big 4?

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Anyone hear of layoffs or deferrals? Some friends had their kpmg internships deferred today

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Did any of the Big4 start furloughs or layoffs in US?

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Any of the big 4/5 announce layoffs yet?

likefunny

So EY forensics group is doing layoffs again huh?

Not surprised. If you aren’t up for IFCS work then RUN

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What are big four companies doing in response to COVID? KPMG US is doing everything they can to prevent layoffs - getting rid of variable compensation bonuses and 401k match before making layoffs

likehelpful

So far I’ve seen posts about EY, KPMG, and BDO’s upcoming comp reductions. Curious if other firms have made similar announcements? Can’t imagine anyone will be immune to this, just hoping no layoffs

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What are partners hearing about the need to do furlough/layoffs? Heard of Deloitte and Accenture laid off/furloughs already within certain practice areas

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Over under for layoffs in big four for Audit? 2 months is the benchmark.

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Have there been layoffs at EY? Particularly change management?

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KPMG - if you hit the bench and are on there for too long and have to get let go- do we get a severance package? And if so - what does that look like?

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We had an announcement that layoffs are pretty much going to be a last resort right now. I heard EY has made a similar announcement. Has Deloitte and PwC? What about hiring freezes?

likehelpful

KPMG announced no 2020 layoffs, but at this point, has any other firm provided this or a similar plan forward to protect employees during these times?

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Hearing rumors of KPMG layoffs, but can't find anything definitive. Anyone have more details our (preferred) sources?

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Is EY doing layoffs in advisory?

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Is KPMG really doing mass layoffs? Heard rumors about their Canada operations especially.

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Heard some layoffs going around at KPMG Canada. How’s other Big4 folks doing?

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incoming cyber risk consultant for Deloitte (starting in sept. in NYC) as a new grad. Can my offer be rescinded b/c if Deloitte goes through mass layoffs? Are certain divisions safer than others?

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Is severance taxed higher? I got 1 month of pay but seemed to be taxed much higher

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What's something you've seen a manager fired for almost instantly?

likefunny

Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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Given the outbreak, are places actually going to be hiring right now? Recently laid off from 9-5 and my freelance is starting to fizzle.

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How did your agency handle layoffs? All-agency meeting before they started? After they ended? Both?

Kinda sorta trying to predict if I’m losing my job tomorrow.

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Has Deloitte started the lay offs? Link-https://www.reddit.com/r/deloitte/comments/ww02l3/fired/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

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We have a big project going on and I am the only point person(initiate it, did lot of work, and knows the deets well), seems like my mgr wants to get a headcount. But I want to use this opportunity to get promoted, how can I get this across? Mgr is new(they fired my old mgr), mgr’s mgr is new too(re-org). So not sure if I should/can make a case, or how.

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PPEDs: Just found out that a Partner, who was promoted in 2017, was fired. IDK the circumstances. What can they expect to walk away with besides 401k & normal pension plan?

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I'm thinking I won't be getting promoted if not laid off at the end Q2 or sooner. What are some good exit ops for an associate with 2 yoe in tech consulting? Exp in Cloud, PMO, IT Risk, and SoD.

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Curious, what is a typical severance package—ie, how many weeks of pay per year?

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I'm in salary negotiations for a great role, but there's a small gap (~$10k) to even match my old salary. They have most of the obvious benefits like unlim. vacation, low healthcare premiums, 401k matching, permanent WFH, etc.

Right now, severance pkg. and a more senior title are most important. Has anyone negotiated a title bump? Outcome?

Are there additional benefits I should also consider?

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Layoffs at Integer Denver today? Somebody spill....

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A friend of mine from a top tier consulting firm was counseled out. Do you consider it ethical that his career counselor is intentially spreading the information to his colleagues and to other consultants from other companies in the project? What can he do about it? Specially that he considers the potential layoff is purely based on the current situation (chargeability was low) and not on his performance (they said that his contribution to BD during his bench time was low)?

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Which consulting firms are hiring for experienced Associate position? Have a friend who got laid off and looking for another job.

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We use Deloitte India for a number of parts of our delivery. Recently I have seen some unethical practices that violate labor laws and do not align with Deloitte principles. My manager says it isn’t my problem as they are a vendor but I can’t help thinking I have an ethical responsibility to do something. Any advice as to how to approach this without being fired?

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A reminder to all: we are going through very difficult times. Please help someone who has gotten laid off if you can!

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If I need Friday 4-5pm to go to a doctor's appointment, do I need to set a meeting invite to my manager in order not to be fired?

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Heard BCG laid off quite a few people this summer. Is this true?

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Assuming this causes a recession like in 2008, and many people get laid off, how long to take to find another similar paying job? I’m currently a strat manager in FS. Scared for job.

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After 10 years of working as a FTE PM/producer I’ve now been laid off (thanks Covid) and am looking to start freelancing for the first time. What advice do you have for a new freelance PM/producer?
Also, what kind of insurance do you take out as a freelancer?

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Additional Posts

Those who were on the fence about going back to school, what pushed you to make the final leap?

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Are consultants at MBB allowed to trade individual stocks? Or are they limited to mutual funds only? For example, can someone at McKinsey buy AAPL?

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Hello - moving the NL with my Dutch husband this Summer and am interested in MBB. I don't have a masters (not common in the US), I have my bachelors. Is it possible for me to still get into MBB? Is anyone willing to chat about office culture and willing to give a rec? Thanks!

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Whats the total number of interview rounds in pwc
Position for data analytics and whats the TAT for technical 1st round results?

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LinkedIn always tells me to message the recruiter when I apply for a job. Is this ok/normal to do?

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Is it possible to ask for joining bonus in ibm since I didn't request during the time of offer.. i am yet to join ibm.. Could you also suggest a good reason to ask for joining bonus?

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Recently lateraled from MM to BB as AS1. Fully understanding that getting base salary bump and no demotion is a fortunate case, I want to do well at the new shop. Any advice for AS laterals?

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Any from Google Cloud looking for Customer Engineers? I passed my onsite, but currently recruiter mentioned there is not headcount to fit me in. Happy to be squeezed in anywhere at this point.

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Hi fishes,

My joining date mentioned in IBM Offer letter which I received just a while ago is second week of November, 2021. However, I have 90 days notice period. It also says to accept within 3 days and a clause is written that joining date can be revised only till 5 days. Will ibm revise my joining date ? I am very anxious it's too late so I cant even call recruiter.

Please suggest.

Going in house is the move, right?

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Question. I am a female POC. I’m curious what non-poc think about black women who wear hair colors other than natural black-brown in the workplace? I’m not talking about outlandish colors like pink, blue, green etc… The hair colors I’m referring to are like honey blonde ombré or balayage and the current trendy copper color. Thoughts?

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I think most people come on here because they’re lonely. Thoughts?

likesmart

Program Manager Healthcare Foundation $85,000. Worth it? Or too low?

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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How’s the WLB in PwC ? Will be working as a technology consultant.

What is the best way for a US-licensed attorney to lateral to a position in a big legal market in a different country, e.g. London?

How do firms see candidates seeking to lateral across practice groups? I’m a senior lit associate doing v well at my current firm but seeking a global relocation which might entail switching to a transactional practice. Thinking capital markets since I have a lot of experience in advising our clients of litigation risk when issuing debt etc. Would I even be considered (obvi I expect some cut in seniority)? Is this common?

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I am an experienced hire. My case might just take you by surprise. I joined EY GDS 10 months back at 40% hike (leaving PwC) and now Deloitte (DIJV) is offering me 2 level up designation at Manager level with another 40% hike. This has effectively doubled my salary in the last one year bt still I am confused to switch or not considering the amazing bonuses GDS payed off today. Please suggest.

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