In 08-09, layoffs were understood, but this time, it's different. A company that enacts layoffs now is basically commuting a death sentence to employees, thus becoming the executioner.

like

How bad will accenture get hit in terms of layoffs ? Is hiring frozen already?

like

Have any of you been laid off as a direct result of CV?

likehelpful

This country needs labor laws that actually protect workers is when time like this comes, average folks like us don't have to worry to sick about layoffs.

likesmartfunny

I just started as a first year associate two months ago. If layoffs happen, am I going to be the first one out?

like

I’m dealing with taking care of a 70+ family member that just moved in and is dependent on me. Worried enough about COVID infection. I think my partner may be laid off this week. How to deal??

like

Are consulting, financial or tech firms still hiring in the midst of COVID-19? Heard about any layoffs?

likehelpful

What other firms (other than the D) have started layoffs?

like

Severance pay: I am worried about being laid off. Is severance pay the norm in consulting (MBB, OW, ATK, Strategy&)? How did it look like in the past? Any experience?

like

Me if I survive the layoffs

Post Photo
likefunny
Share this 🔥 post

Will org transformation / human capital see a greater increase in work post virus given the layoffs, etc? Or will companies not want to spend for consulting firms?

like

Will slalom do layoffs or do they have ample reserves to weather the storm?

like

Anything any of the firms are doing to support workers who work in hotels that may be laid off. Such a major part of all of our lives would be nice to do something for them.

like

Is any one else worried about their job / layoffs?

Usually, the first things companies cut is consulting. Selling work will be tough. Wanted to hear y’all thoughts.

like

Do you think consulting industry might layoff people due to the coronavirus economy collapse.

like

Sister and pops got laid off... 😓.

like

Got a great offer at another consulting firm but worried about prospect of getting laid off after joining given current climate. Thoughts?

like

For folks who have been in this gig longer, how bad are Consulting layoffs during times like these? Anyone with experience from 2008? Can anythin be done to help the firm reduce this risk?

like
Share this 🔥 post

Given uncertainty in market, can we expect layoffs in Advisory and Assurance? I think Assurance folks are still safe...cause audit is still a requirement ! Regulators may ease it for banks...

like

Started on the bench this week. I’m a first year and slightly concerned about being laid off. Was an “average” performer in my first 6 months - just like the other new hires. How concerned should I be

like

My company fired / blacklisted the individual in client org today after after 2 months of hellish engagement. Main reason being she didn’t treat us right - (and she did not).

like

Been laid off for sometime now, I'm worried about getting a job in this market now especially with all the pandemic surrounding us.

like

UK government just announced they will pay the wages of at risk employees so they don’t get fired. Welcome to socialism. It is 👍🏻

like

Had two buddies of mine get laid off from their non-consulting jobs. Any ideas how I can support them without just saying, “Y’all want some cash?”

like

What will be the impact of Covid-19 and industry slump/downturn on people working in consulting companies ( specifically layoffs, bonuses, transfers, recruiting)?

like

What’s your backup plan if you are laid off as a result of the downturn?

like

Is it possible that massive layoffs, already expected, could just mean big numbers but not big pain like 2008 - 2009? Hear me out, the pain of 2008 was that there were large layoffs for months (cont)

like

What is the likelihood of Layoffs during an economic downtown for consulting firms? Who typically is affected first?

like
Share this 🔥 post

Left for an industry job at a travel / aviation company 2 months ago. What are the chances I could boomerang back to Deloitte if I get laid off? Left on great terms but know there is a hiring freeze

like

Any layoffs due to this virus?

like

Layoffs are the only way the industry will survive. A Great Depression is imminent. There is no other way this will all end.

like

Hey guys. I’m a Healthcare Consultant that just got laid off. Anyone willing to provide a reference?

like

People who got laid off from Deloitte last year- how are you getting access to your timesheet to see how many days you worked for each client (to report taxes accurately)?

like

Anyone know how COVID19 has impacted business across different McKinsey functions? Anyone heard of hiring freeze, or worse, potential layoffs in the summer?

like

Do you think layoffs would be more probable at a big 4/firm with over 2k staff or boutiques? Why?

like

Do big companies like Big4/ Acn factor in how new an employee is when considering layoffs? Impact of lay-off to new employee (6months or less) is higher with relo and other factors considered.

likehelpful

Pregnant with baby 2 and worried about layoffs. For families of 4 how many months of cash on hand should I have to be conservative. Worried if laid off finding job pregnant will be tough

like

Just curious what is (if any) the severance pay in case you get laid off from your firm due to a market slowdown.

like

As a young consultant only 2 or so years into my career, who has lost a ton of money in the stock market (for me) and has had a few friends get laid off...can someone tell me everything is going to be

likehelpful

Really paranoid that im going to get laid off and id be screwed big time. Received a 30k signing bonus last May which only came out to around 20k after taxes, yet id have to pay back the entire 30k if

like

Related Posts

Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

like

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

like

Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?

Exp - 4 years
Tech stack - Java, Spring Boot, Microservices

EPAM Systems Cisco Nokia Dell Deloitte Deloitte USI Deloitte India Infosys Cognizant KPMG EY PwC Verizon Verizon Media Ericsson Huawei Technologies

like

TBWA NY layoffs today.

likehelpful

Anyone know Deloitte core business group in Deloitte consulting LLP?

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

Post Photo

Is anyone expecting agency layoffs at the moment?

like

O&M Creative: more shuffling still to come? And by shuffling, I mean layoffs too.

like

Anyone have any idea when the hiring freeze might end within AWS ProServ? I’m currently at Amazon and have a TS clearance, PMP & CSM. I come from a Big4 consulting firm with a background in Enterprise Performance. I’ll be honest and say I’m not feeling very safe in my current role with the ongoing layoffs. Instead of leaving, I’d love to go back to my “consulting roots” and join the ProServ team. I’m taking my AWS Certified Cloud Practitioner exam next weekend. Hoping this freeze is lifted soon.

like

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.

like

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

like

Any creatives impacted by Forsman Bodenfors layoffs? That agency does beautiful, powerful work.

like

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

likefunny

Hi, received an offer from another Big4 in Amsterdam (currently working in Eastern Europe), but relocating, I’m concerned about potential layoffs in the coming period being the last to join the team.

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?

like

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.

likehelpful

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!

like

How long can you go without having anything to do before you get laid off?

like

Do you think independent agencies will be in better shape to handle COVID-related client budget reductions and/or losses?

Or does it not matter and layoffs are equal across the board?

likesmart

It’s so nice that every agency laying off people, have those left standing (and other agencies) trying to hustle jobs for their unemployed friends, but there are also a ton of people who were unemployed prior to Covid...so no severance, job hunting lot longer, and not earning income for longer time...hurting even MORE due to quarantine.

likesmarthelpful

Additional Posts

Hi sharks 🦈
This is my offer letter in IBM
Can anyone tell me as to what will be my in hand salary per month?
Appreciate your inputs 😇

Post Photo
like

How did you deal with bad impostor syndrome when applying for jobs even though you know you are more than qualified?

likehelpful

What is the life sciences specialist role at LEK like? How do the responsibilities and progression / future opportunities differ between LSS and a generalist consultant working in the life sciences space?

like

In one of the email survey i choose in person pre hire session option over virtual session. Got call from Deloitte for pre hire session in Leela palace on 13th May. Reporting time 1.45pm. further details will be in shared in email soon. What kind of activities to expect in this session. Anyone attended before. Any idea

EY India or EY Gds ?.In t@erms of job security, recognition, pay and perks?

like

Can someone please tell me how the work life balance in Nielseniq ?

like

Golden verse:
Matthew 6:27 Can any one of you by worrying add a single hour to your life?

like

Does anyone have their % pay adjustment yet. Is it much bigger than usual?

like

Larsen & Toubro Infotech Is the lti Noida location up? Any idea anyoneLarsen & Toubro Infotech

like

Based on true incidents

Post Photo
likeupliftingfunny

Hi! Can someone recommend a source for learning how do simple, fun music lessons on Zoom? I teach first grade and use music for my transitions. I would also like to play songs for them with my guitar, but am concerned it won’t sound good on zoom (the guitar, not my voice, which is bad, we established that long ago)

Has anyone worked at a smaller branding agency? Would love to switch from big agency to actually creating brands but not sure how to start there.

like

Hi Guys ,

With 11 yrs YOE and having skills in dimensional Modeling,data warehouse ,ETL and Reporting , what should be the salary expectation in market. I have switched from 12 LPA to 26 LPA on feb 2022 as my first switch with IC role as ETL developer . Now looking for data architect role. Most likely i am going to get more 35 LPA but Shall I negotiate for 40 LPA else should not join ? Is 40 LPA is good or very high ? Plz advice. Thanks.

like

Tell me a feel-good story from work that will restore my faith in humanity.

like

It irks me when someone says I have a "lovely voice," it just makes me feel super uncomfortable and unsure what I should say to them

like

Hi Everyone, does anyone know the salary bands for SMs in tech consulting at EY London?

like

What is the salary of SLP manager in reliance retail?

like
like

I am a senior consultant, 5 years experience, CIO advisory. How much salary should I expect for a senior consultant role @ Deloitte France.
What other firms do you recommend for CIO Advisory?

How do you feel about "workplace of the future?" I literally can't focus when I can hear & see everything everyone is doing. It's definitely impeding my productivity to not be in a quiet environment.

like
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal