Does a severance usually come with a lack of work letter? (Big4)

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With the recent layoffs, has Deloitte human capital consulting been hit hard?

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Anyone have a sense of why Deloitte got hit so hard by layoffs? I’ve heard four potential reasons:
1. Client mix / type of work
2. Leverage
3. Over hired in anticipation of growth
4. Partners didn’t want to take a haircut

Just curious! From an external perspective, seems like they cut way more than the other firms.

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There are no layoffs in ba sing---err...Deloitte

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Folks who were laid off recently, what are options you have tried to stay in US. Given more layoffs are coming in Deloitte this year want to stay prepared. Have school age kids so moving within us or outside US is going to be super hard. Any guidance is appreciated

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No layoffs at EY? Is it true, ey is “EY Nice” that they won’t event reduce ti lowest performs?

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If you are fired at the end of a performance plan does PwC give you severance?

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What would you do? I was laid off and now have two directions:
1) Back to old job in industry with security and knowing what I’m getting/how to do the job well/job security but $15k reduction in salary plus nominal API still working 60+ hrs a week...
2) Consulting again at big 4 but don’t know team and threat of unpredictability/more layoffs but $25k increase in salary.
Frankly feeling torn. Also, yes, I realize how great it is to have options these days.

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How bad were the Deloitte layoffs?

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Hi! I’m looking to move into management consulting, preferably one of the big 3. I’m currently an experienced audit manager at EY. Are those firms doing layoffs/hiring freezes? Any insight would be appreciated!

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Deloitte staff - which areas were affected the most in layoffs?

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For all the Deloitte folks that were let go (including myself), what are your thoughts on using your severance period and trying to start something for ourselves? Using our client network to start small in key impactful areas of their business?

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Here Deloitte goes with the layoffs. Three close coworkers let go.

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Any layoffs at the other big 4: PWC, EY, and KPMG?

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Why would anyone with options work at Deloitte? Layoffs during a pandemic... & they handle it classely, unlike say a McKinsey. My friends in grad school were right to stay very far away. Low brow

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I feel like Deloitte is getting real slimey. Putting more than the typical number of staff on PIPs, to give themselves the opportunity to fire people for cause in a month or two without severance or anything.

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How reliable do we think the Deloitte Tax CEO’s “intel” is on the other Big 4 doing layoffs?

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EY is going to start with layoffs in July. Do you think the latest proclamation on H1-B visas will make leadership think of putting us on the chopping block ahead of others (all other things being equal)?

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When is the next round of Deloitte layoffs?

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Anyone scared the EY will do mass layoffs? Even though they have come out and said no. Thoughts ..

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Ideas on when the exit ops competition for consultants will return to normal?
Context: With all the layoffs (Deloitte) etc., the market has a lot more consultants going for the same jobs than normal.

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Anyone hear rumors of post CRT layoffs at a PwC .

Does PWC plan to have any layoffs? Is it true there no layoffs during the housing recession 2008-2010?

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PwC Repeat of 08 Policy: No layoffs, no furloughs, bonuses are being paid, manager milestone being paid, raises for promoted staff are maintained. Go PwC!

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Why all the layoffs at Deloitte? Every other post in my LinkedIn is of a twice removed colleague having been laid off. What’s driving these cuts?

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How’s Strategy& holding up through the crisis?

Any layoffs, bonus cut, promotion stops planned?
Kind of worried since Deloitte, ACN and Capgemini are laying off people :(

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And it’s done .. I’m here on h1b visa. Anyone on h1b got laid off recently from Deloitte? How many days do I have? They offered me 5 weeks of severance. Does my 60 day count start after 5 weeks or from today? Who do I reach out to for all this info?

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Deloitte layoffs happening

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Did Deloitte do salary freezes at all or just layoffs?

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With other companies also expected to go through similar GC pauses due to layoffs, should I move out of Deloitte? I have 30 months to max out and all I needs is just a perm to be filed in 18 months

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After the Deloitte layoffs, is PwC now established as the best big 4 for consulting?

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Deloitte Advisory:
Layoffs beginning early June. Voluntary reduced workloads. 5% across the firm. Advisory & Consulting will have more than Audit and Tax.

Projecting 16% Advisory revenue decrease in FY21, expect “severe and prolonged” impact lingering through FY22.

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Does anyone think EAs at EY are at risk for layoffs?

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Master Thread: Deloitte lay-off. Let’s have a thread of whether you or you heard anyone got laid off. Service line, city, and severance package. Stay strong everyone!

likeuplifting

Does anyone think EAs at EY are at risk of layoffs?

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Deloitte audit is done with layoffs and rising A2s will be getting raises to make more than incoming new hires as opposed to adjusting offers down.

likehelpful

Deloitte is done audit layoffs and rising A2s are getting a raise to make more than incoming new hires.

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Can we use this thread For Deloitte people to note layoffs in FDD and M&A tax they are aware of by region, level, and quantum?

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Deloitte goes ahead and does not even give 2 weeks per year of service for severance during covid layoffs ..

Just a heads up for future endeavors

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Related Posts

Which agencies are going through layoffs

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It’s hard to be motivated when rounds of layoffs happen and you see all your friends leave. But one thing that’s gotten me through all of this is working out. And when I say workout I mean the most pathetic, sad, barely completed beginner-level cardio dance routines. I’ve somehow forced myself to move while on lockdown and it’s somehow forced me to feel better. Whatever you’re doing, wherever you are: get up and move even if you don’t finish or end up going on a walk. Pls take care of yourself❤️

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After you are stealth laid off, other than job search, what do you do? I assume they won’t give you work and even if they do, you can politely decline? How do you feel about you are not progressing anymore and seeing other people progressing in their career? I have no intention to make partner, but still feel a bit stuck not doing that much.

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Shall I disclose reason for leaving a firm during my initial call with a recruiter from said firm, if I was laid off? Are they privy to that information. Ironically being recruited by that same firm

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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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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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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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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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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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I got an email from a Cybersecurity Advisory Partner with the subject "Catch-up". Last week we all rolled-off from project abruptly b/c the client terminated the contract. Am I getting laid off?

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

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I was laid off from Deloitte in the 18th. I have an interview with Amazon for a Senior Program Managers Non Technical position with Amazon hiring manager on Monday. Any advice would be much appreciated. I would love to get into Amazon. I hear their interview process is brutal.

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If you’re a creative who was laid off at Ogilvy Health and are looking, we’re hiring. please private message me for more information.

likeuplifting

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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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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How much severance should you expect after getting booted after 1 year. I got 3 months salary

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Should people be fired for lack of people skills?

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When you hear that staff 1s we're just laid off... 😳

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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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Whoever said mixing scotch with anything is wrong - think again!

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Hi all! I’m looking for recommendations for team building activities in Charlotte. In particular, activities for a smaller team. Located close to Uptown would be an advantage.

It’s been a while since I’ve done one so wanted to see what other people are enjoying these days!

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Any thoughts about onsite opportunities in SAP . Joining next month at T2.2 Level having 3.8 YOE

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People who have a celebrity-inspired tattoo, do you regret it? I want to get one inspired by my fav movie but what if that actor turns out to be a Weinstein?

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Is it wise to stay at present company who has started I-140 application vs jump on to other big tech company for higher pay ?

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The design of this watch is so good that you can see through all the parts inside,which is very unique ☺️

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Bell Helicopters- Anyone have any insight on Contract Administrator Specialist position?

How can I try to get into VC? Particularly tough tech and things like robotics, automation, transportation, etc. I’m currently at T2 consulting in industrials and I’ve tried networking with a few VC firms in this space, but no luck.

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Hi all ,
I am looking for a job in
Accenture in HR (operations) , currently working with KPIT Pune
I have 3yrs of experience.
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Does anyone have insight on Boston Consulting Group’s Knowledge Team within Healthcare? Like hours, pay, and what that team actually does?

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Just found this bowl. What are we doing? Are we going to start a union or what? All I see in here are posts about other places unionizing....

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What kind of comp could I expect for corporate strategy at a MF?

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Just got off a call with Counselor. Got Differentiating with Progression to Senior 2
Is there any hike for Progression and how much will be the VPB

SL: Tech Consulting

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