Would Covid big 4 consulting layoffs have been worse if they had already split from audit? Steady revenues from audit during recessions seems to be the main reason for staying combined - wondering how necessary that is

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Anyone concerned about the market shifts and recent layoffs and the impact it might have to our consulting business?

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Been told a promo to M is on hold because "not leading complex enough work"

Meanwhile, before I became the Lead, 2 Senior Managers got fired off the engagement for the exact same role. My tenure in this position is 4x what their tenure was while it lasted, and we've grown in size. LOL

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I’m in a visibly failing company of 50 or so. They fired so many people that projects are super delayed and revenue just can’t flow at all. I have an offer coming in and I’d like to take two weeks to upskill in TSQL during that time. Anyone just NOT done the 2 weeks notice and just peaced out? The bridges i burn, I frankly don’t want to ever meet those people again.

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People realize the recession is only just starting right? So far we have only had a few rate rises, with many more to come. Stocks are down a little, but only just barely into bear territory. Major companies will be reporting large losses soon, but that hasn't happened yet, and the market will react to that.

No major companies have begun large layoffs yet, either, so far we are only seeing a few minor hiring freezes. And of course we haven't seen bankruptcies yet, but they are surely coming.

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Curious is anybody seeing layoffs in consulting? How busy are your cyber practices?

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I’m thinking of going on a reality TV show specifically MAFS. Does anyone know if I can get fired for this?

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Im in the final round of interviews at VMware and news came on Monday that they are being acquired by Broadcom. Is this something that I should be concerned about? I know layoffs can happen after a merger/acquisition but there’s not much overlap between the two companies (chipmaker vs cloud infrastructure). My job will be a Sr Business Analyst role in internal strategy/improvement

Any advice from folks experienced in M&A?

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Already interviewing but found out I got laid off. Should I let interviewers know? Guessing it will come up during background check

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Any disadvantages to applying for unemployment? Got laid off, decently chance I have an offer in the next month or two, never done this before

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Any consulting firms started layoffs / hiring freezes etc? I feel the consulting firms are a bit quiet compared to tech firms right now - which makes me worry about my accepted offer to be rescinded lol

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Please help, I’m currently working for a startup that was unable to raise its Series B and has started downsizing its staff. I’ve been here only 3 months and I’m afraid the company doesn’t have enough runway considering the macro environment. I want to jump ship but I’m afraid I may be seen as a job hopper, context below:
Job 1: 1 year
Job 2: 5 months (received an admit from my Target school)
Job 3: 1 year, 10 months
Job 4 (current): 3 months
The news of layoffs is scaring me.

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Get ready for layoffs

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From your experiences what happens if you get kicked off a project cause client doesn’t want you there. Do you usually get fired or put on another project?

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What to do to make sure we aren't fired in case of recession?

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If there is another recession and companies layoff ppl- I’m officially calling for more employee protection- and maybe unions- at a certain point it’s bs

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just my 2 cents for everyone panicking about layoffs, partnerships probably won’t face layoffs the same way tech companies are…

these tech companies stocks are getting wrecked and they have to show their shareholders they can lean down and improve or they’ll lose confidence in them and it’ll get even worse for them. unfortunate but that’s what corporations do🤷‍♂️

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Now layoffs happening at Netflix?

likefunny

LayOffs at Netflix ..

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How long does it take for me to get fired if I keep being unassigned?
My team got dissolved due to internal restructuring/regrouping and I am teamless now. My former partner is moving to another team and he said he won't take me with him. All other memebers of the former team except for one junior left the firm already. Not sure if my profile fit for any other team. I got unassigned today. How long do you think I have until I get fired?!

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What does it actually take to get fired from MBB/T2 firm?

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If I leave or am fired and my contract requires 2-weeks notice will I still get paid for those 2 weeks if they tell me to leave on day 1?

“Your employment is on at will basis upon two by either parties upon 2 weeks of written notice”

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Is it a bad time to switch jobs? Seems a recession is impending and layoffs are usually LIFO. Considering coming back to consulting but have heard benches are getting larger and I’m beginning to double think.

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http://layoffs.fyi to track companies that you are interviewing with during this time

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Wow, y’all went from “I’ve got 2YOE and I’m getting lowballed at $220k” to “oh shit layoffs!” overnight. Don’t forget: the tortoise wins.

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I was *let go* from contract. Not fired, still an eligible hire. What do I say to potential employers who are asking why I left my old job/why I am searching for a new one? Also can they ask my old company exactly why I was let go? FYI was let go bc of differences between myself and a manager so I don’t want to be a liar if it is information they can see on a background check. Thanks everyone

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If anybody was impacted by any layoffs or just looking for a new opportunity and have Workday experience I have a great recruiter I am happy to help put you in touch with!

likeuplifting

When do consulting layoffs start?….I heard a few PPMDs talk about how clients are starting to “tighten the belt “

likefunny

Help! Being exited out of a small company. They are willing to negotiate terms. How many months of severance or HC is too much to ask for?

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Assuming an economic downturn/recession will happen in the near future (1-2 years), how do “safe” do you view jumping from your company to a smaller consulting company?

I’m in the final rounds with a small consulting firm based in TX, but unsure if jumping would be the wisest choice given the current economic conditions — of course, staying at Accenture does not mean I’m not at risk of being laid off if things take a turn for the worst.

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Is anyone concerned about layoffs in the industry given current events?

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Is burnout only attributed to stress/hours worked? I don’t even work that much but feel incredibly burnt out because I simply don’t care if I get laid off or not.

likefunny

The hysteria I’m seeing in this bowl and others about layoffs, hiring freezes, and a possible recession is getting ridiculous. 5 G’s please.

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Carvana just laid off tons after Robinhood. Will there be layoffs in consulting?

likefunny

Does anyone have tips on showing that I’m competent enough to not get fired but not competent enough to give more work to? How does one strike that balance?

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Im doing good work at Deloitte, have excellent and supportive network and am leading or part of innovative engagements. I also happen to like the firm. However I am starting to get a lot of offers from industry, average TC of these offers are at 1.5x to 2x of my current pay. Could use the money, but also am afraid of being laid off during recession and or not going for partnership at Deloitte. Should I start planning my exit?

likeuplifting

First it was the Great Resignation. Is Great Layoff coming soon?

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If you didn’t make a bag during the pandemic good luck getting ahead in this market. Going to have a lot of young people renting forever/laid off

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How long could you stop doing your job before you got fired? Watched Office Space last night

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Related Posts

Has anyone been able to negotiate anything extra or terms when being laid off?

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Just heard EY is about to make more layoffs in audit too

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WFH/Layoff/Security
Hi,
CCTC including all benefits is 16.57 with 8.3 YOE, primarily focused on Manual Testing.
Is it worth looking for another opportunity?
I am afraid after seeing layoffs news of EPAM, Publicis Sapient & most of the other companies calling employees in the office.
I love my WFH in PwC India & base location of Kolkata. & the best thing is stability in PwC India, they never lay off!!

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Constantly worried I’m going to get fired because I don’t know where I stand at my mid sized law firm (second year associate).

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Laid off in August. Just wrapped a 4 round intrvw w a big name agency... but another candidate got the offer. ISO of agencies hiring. I’m happy to share a portfolio and conversation with all in NYC.

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Have you ever seen a client fired in mid-production?

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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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Anyone know Deloitte core business group in Deloitte consulting LLP?

Salary range, business outlook of this group amid layoffs and green card initiation timeline?

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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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One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

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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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Those let go by Y&R/VMLY&R - did you get severance and how many months?

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Deloitte FL/PR is turning into a joke.. if firm morale wasn't already suffering from layoffs, they increase minimum hours through December while half the offices are unassigned. Abandon ship.

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Heard bumblings over HH today of a second round of Deloitte Tax Chicago layoffs after busy season. Thoughts?

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I’m a Junior accountant, recent MBA grad in Finance, located in NYC, just got laid off due to a merger. Anybody hiring or know any opening positions?

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Laid off after Thanksgiving. 54. Not done yet. Plenty to offer. In Detroit but ready and able to move anywhere. AD/CD. Hangin in there. How bout you?

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Anyone else feel like as you move up, you have to work even harder to justify your value to your company as you grow “out of the weeds”? Especially with the fear of layoffs looming over everyone’s heads.

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I was fired after I reported a partner for a serious (criminal) ethics violation. The firm covered it up. Are all companies like this in the end? I’ve lost my trust and don’t know how to start over.

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Dad got laid off. Drinking got worse. Attempted assault on sis and mom. Had to put up in hotel. No clue on next steps (legal and personal). Project is complete shit show and SM is not getting it. Idk man...

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Did BCW NY just layoff it’s EA staff?! Seeing a bunch of these names on Connect and very upset that great people were let go!

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Additional Posts

What causes a coin to suddenly spike 100%+ in value in a matter of hours? I mean how does demand collectively sky rocket - seems unlikely that so many people would have a coordinated buy?

What are the yearly hikes for NTT consulting division?

Dassault vs IQVIA.
which one is good.

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Saatchi LA is looking for an ACD/CW

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UKG - AE 80k - OTE 185k - 11k in RSU’s if you reach your goals

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Anyone know of a sort of speeddating site for London creatives looking for a partner? Kinda sick of seeing most job alerts going up as "looking for creative team".

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Ever since moving to hybrid work, my coworkers are always complaining about how much they hate their jobs, how much of a hassle it is to travel or work from home. How can you be expected to do your job when you're just so far away from everything?

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How do you know you’re a good designer? I get most of my ideas from being inspired by other work and just creating what I feel looks good. I know how to use design programs. But, I don’t know if that’s enough.

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Any suggestions for getting kids to do homework? Sped Math 6th grade high need area - I cannot get these kids to turn in hw. Anyone agree with the idea of allowing class time for HW? I am at a loss

My friends and I brought up the black and blue dress, and it's amazing to me how many of them still see white and gold. What do you see?

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Looking to get my first tatoo! Any suggestions on a talented tattoo artist?

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Hi all, wondering what the salary is for associates in consulting, London based please

Tia

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Hi everyone,

After working for 12+hrs on a regular basis I've finally resigned in infosys for better or for worst.
And I'm looking out for other opportunities.

LWD- Feb 2nd

YoE- 2 years

Skills- AWS, postgreSQL, Ruby on rails, node.js, HTML/CSS, python

Offer in hand 6lpa

Please let me know if there are any job openings in your organization to which i can add values.

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So I have to be vegan for a while for health reasons, has anyone else been through this and how did you survive? Lol and also please share any cooking or recipe tips if you're up to it!! Thank you so much.

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How enforceable is a non-compete moving from industry health IT company to big 4?

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Best podcasts for self improvement?

Loving The Knowledge Project by Shane Parrish right now

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What's wrong with SAP stock prices ? It's downfall is from last 5 years!

likesmart

What’s the best grocery delivery service in the city? TIA

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