Consulting Discussions
Layoffs

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

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

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

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.

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.

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

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

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?

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

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

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

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.

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?

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

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🤷‍♂️

Now layoffs happening at Netflix?

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?!

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

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”

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.

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.

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

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!

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

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?

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.

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

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.

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

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?

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?

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

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

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