Consulting Discussions
Layoffs

Any fish with experience moving to an internal, non-consulting role with their firm and have an opinion on making the move now? Would be promotion (which I am unlikely to get in my area of the org due to freezes) but very aware of the old adage “if it’s not billable, it’s killable.” No layoffs yet and no pressure for me to move out of consulting, but this may be an option to level up and maybe have a better exit in 18 months. Thoughts?

With all that's happened with layoffs, anyone else here worried about not being able to pay student loans? I feel screwed and hesitate to bring this up with my manager (not the easiest to talk to 😅). Layoffs haven't happened yet at the K, but I'm sure they're around the corner.

Thoughts on Gartner? Specifically their marketing areas under strategy/ops. I saw some comments around layoffs/halting 401k matching from a few weeks back but curious about that department

What steps do you all take to prepare for layoffs (outside of an updated resume)? I’m not really expecting layoffs within my practice (fin services), but want to be prepared so that if it does happen I’m not spending months looking for a job.

I am depressed.. No one to talk to. Fantasizing about death. No i am not going to do it. But the thought of it is pleasing. Anyone wanna talk or just ask me shit? Shitty upbringing, got fired from D, on visa.

I have a strong feeling that I could be included in an upcoming round of layoffs. I feel a constant stress, anxiety, and an inability to enjoy time with family. Has anyone else been feeling this? How do you cope and stay positive?

My spouse lives in the US due to work and I’m in Canada. I’m rolling off a project now and don’t have another one lined up. Should I let my company know if I’m travelling and working remotely from there after this project? Does this look bad on me? I’m scared due to all the layoffs happening....

Did Cognizant also start layoffs?
Asking as one of my friend was laid off today.

If you’re laid off for being a poor performer (nothing egregious, just poorer than average scores) will that typically come up in a routine background check for a new employer?

Recently laid off, but my severance letter basically excludes me from working at any KPMG client indefinitely. If I don’t sign can anyone confirm the following.
I won’t get severance pay and I can start claiming unemployment (NY) immediately.

Considering switching companies in the coming months, could anyone give me their perspective if it’s risky given the larger environment? I’m considered about project pipeline, networking virtually, and eventually layoffs if the macro environment continues to get worse. Thoughts? Advice?

Does anyone else feel like they’re consistently having to prove themselves every day? I don’t mean usual “trying to go above and beyond at work” I mean the nagging feeling that you might get fired if you don’t accomplish every email task or chat request that may or may not be directed to you.

Constantly anxious at this job.

Anyone else feel like there is a culture of fear in their firm? There are so many problems but I’m worried that I’ll get laid off if I tell leadership about them and/or speak up. I only feel empowered to speak up in anonymous settings and even then I’m still paranoid about being exposed and my firm doesn’t take anonymous comments seriously.

Anyone else super stressed with everything? Between work demands, helping take care of our 9 month old, and spouse yelling about things, not to mention what’s going on in the outside world, potential layoffs, finding it hard to stay focused/sane. Any advice or just doomed?

If you are happy with your job, but need to make sure you can feed your family at the end of the quarter when more layoffs are expected, do you stay or do you go?

Was laid off in April and just got an offer for 25% more than i was making but for a role that I am not too excited about. Times are tough and i do need to get income. How bad is it to accept but continue with the rounds of interviews I started for roles I am more excited about?

I was recently laid off. On job application, what do you suggest that I put for “Reason for Leaving”? I am afraid putting laid off may come across as bad. Please advise. Thanks!

Firm laid off a good amount of people today. Would you bring up the topic that you’re open to a pay reduction (say 20% while not on a client full time) is a good move prior to them mentioning anything about your role or would you wait..?

Also, assuming you like the firm/job, see yourself there for the next 2-4 years, and 20% would suck, but not too big of hit if had to last through 2020 only.

My neighbor got laid off recently from his accounting/oversight job at a small transportation company. Trying to help him out and he is willing to work at hourly wage, Retail etc. to make ends meet for now. Anyone knows someone who might be hiring in NJ/NY area?

So, given the banks provisions for bad loans in Q2 a “V” shape recovery is looking unlikely. I can’t see how firms who have avoided layoffs so far can continue to avoid them moving forward. Hope I’m wrong. (I’m wrong a lot).

When interviewing for a job, is it in my benefit to say I was laid off because of COVID or should I pretend as if I’m still employed?

When should you notify work that you and your wife are expecting a baby? Any safety precautions to be taken to avoid layoffs due to Covid and benchtime because of paternity leave?

People who were laid off: what are you doing for health insurance once your severance benefits run out (and you cannot get on your SO's health insurance plan)?

Has anyone heard of layoffs happening yet? Not trying to stir the pot, just genuinely want to know

I am a strong performer, v good utilization and long term project. I haven’t been networking outside my firm. I don’t plan to leave my firm. Nor expecting to get laid off anytime in next one year. But I want to be prepared. So do you recommend applying jobs and checking where I stand? How to be market ready? How to network with folks in industry? Or any other tips! TIA

How are people "networking" now that we are wfh? I mean, you are barely even aware if people still work in the same company. Previously, you at least saw them every now and then at the office but now... They could have fired half the company and I wouldn't know

Is booze allen Hamilton (bah) having any layoffs. Friend joined Bah last year Nov and was on prj till March.been on bench since then and now scared that layoff can happen anytime. Since they are new to bah don't have much network and don't know if others are let go. Any insight will be useful

I feel totally underpaid but I am also conscious of impending layoffs. Anyone else feeling me?

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

Can you still succeed in your career after getting laid off?

About rolling off my project with no new project opportunity yet. I’m already getting anxious and can’t have a full night rest with the worry of not finding a project soon and eventually getting laid off. Although I tend to stress-out easily but this type of anxiety is different. Are others feeling the same way? Also over 90% chargeability and great reviews, but seems like that may not matter with the recent layoff stories I’ve read....

Is it tone deaf to push for a raise / promotion at mid-year when the firm has been struggling financially, but avoiding layoffs / pay cuts?

Have been on bench since 1.5 months. Really nervous with what’s happening around with Covid-19 but also frustrated as I keep reaching out to people with no response. I had a good past performance year (FY20) Rating was above average, should I be worried with respect to layoffs?

I was laid off a little over a month ago, I’m sure just like many others. Not having luck finding any new opportunities, anyone know of firms hiring right now within the healthcare/healthcare revenue cycle space?

Curious if any MBB folks can shed light on current hiring environment. Undergrad campus hire at Deloitte S&O recently laid off in the COVID cost cutting wave after 2 years. Disappointed, but grateful for some freedom to explore here! Primarily looking at industry/corp strat jobs since consulting in general has been hit so hard, but considering applying to Big 3. Have heard from a few MBB friends that new hires with offers aren’t starting till end of year. Any chance of a lateral move right now?