Financial Advisors Discussions
Layoffs

Looking at the way people are laid off, utilization is just one part of it. It's so hard to pin point what is (proper consultants let go from projects, etc..)

Has anyone actually seen someone get fired? If so, why?

So if I'm correct, PwC is the only Big Four that hasn't done a huge round of covid layoffs so far?

Is anyone here constantly worried about getting laid off? I didn’t get moved to my next level (SA1 > SA2 > SA3 before manager) last review cycle (I was 6 months in the firm). Now I’m always constantly worried I’m going to get laid off. Overall get along w people at my level up to manager, but cannot get along with most partners and some directors. I’ve had good reviews from the former, and mixed reviews from the latter.

Wondering if this is anxiety or intuition.

I’m at an agency that just went through several rounds of layoffs. It often seems like staff have no recourse when the layoffs hit. How could a staff union assist in that situation?

Agency CEO: This is a family... but if our annual profits are only 5% instead of 7%, you’re fired. 🤔🤨

I'm feeling a lot of anger towards my manager (now he's acting normal but there were moments where he was condescending/dismissive/mocked my and others work/arrogant/said stuff was "wrong" constantly/belittling the difficulty of tasks etc. in the past project).
Maybe it is "standard chewing out" but it bothered me a lot. So much that I find myself still getting all fired up inside thinking about it...
Idk how to let go of this :/ Thoughts?

Got a weird meeting request from creative manager and HR entitled “team rating mini master.” No clue what that means, but in a sea of recent layoffs/ 45 day notices, I’m expecting the worst. Thoughts?

Head of practice and someone from HR scheduled a call on the calendar? Its most likely a layoff?

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

Feeling like I’m about to either get promoted or fired. Will keep you posted.

I’m scared of being fired at any moment. Maybe it’s because of what happened in 2020, but does anyone else feel the same?

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?

If you give your project/manager 1-2 months notice that you’re leaving to go to school (as a courtesy) and the firm decides to cut the cord sooner and forces you out, do you get severance?

Currently on the bench. If I get laid off, what does that process entail?

Will Forensics be negatively impacted (layoffs, hiring freeze) by the upcoming recession?

A Big 4 auditor asking as they looking to potentially jump ship internally after completing first senior year.

Did anyone volunteer for leave of absence (loa) or partially loa? Would that bite you in the ass when being laid off in terms of unemployment benefits?

Top reasons for getting fired from consulting?

Is Anomaly doing ok post-Converse or will there be layoffs?

Meeting with just HR tomorrow, likely to get fired. I thought there would be a partner involved but guess not? Performance issues.

Audit Partners — Do you see longterm profitability of audit in general? Is it going to be worth being a partner, financially, given the risk you take on, in 10-15 years? With audit bids increasingly being driven way down by competition, & lower level resources demanding (much) higher pay than it was historically, I’m not convinced the partner track is still as enticing as it was pre-Covid. Seems like the job market/higher staff pay alone has GOT to be taking a huge cut into partner pay.

Thoughts on leaving Big 4 to go to a smaller firm (eg ATK, OW). Proposed role is great, more collaborative culture with less sharp elbows and a metrics first attitude... impact to personal brand?

I had cleared technical round of interview for Infosys and also submitted all HR docs.
But my application status in portal is review in progress since last 15 days.
Can anyone tell me what does this mean?

All I want is a data scientist role at Facebook !! Is it too much to ask for? 😭

My husband is in the army and I’m in biglaw. Due to where he’s stationed, I can’t really practice there and I’m too junior to really work remotely. I’ve been trying to fly to see him as much as I can but it’s so hard with the unpredictability of my schedule/the number of hours I work, etc. I’m feeling resigned and like only one of us can continue our career or we’ll have to live apart. Has anyone been in this situation, or have any advice?

I’m surprised we haven’t done this yet with 10k Whiskey Business bowl members but… Time for a poll! Like/react to your preferred whiskey type in the comments. Feel free to add if I’ve missed any.

Would you company pay for a real well-crafted course to help novices get to proficiency within a week?

How many days have you taken off during COVID?

Targeting to house hack a row home in DC and live in the basement. I want to do 5% down but lender is suggesting 10% because “I have the money so why not”. I want to do 5% so that after a year, I can move out and get another property. Thoughts?

Anyone get a student to refer them for Yale? Do you get a 1on1 with an adcom and what’s that like?

How often can I get away with taking my intern buddy out for lunch/coffee? Do I expense it to CNS?

Any remote claim analyst in the healthcare logistics spectrum here? How has your experience been? Any suggestions for work/ life balance? Thank you in advance🙏🏽

Any consulting firms or teams canceled their summer internships?

Hello,
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For anyone who does Roth 401k, let’s say you max the annual contribution ($19,500). Within the Roth 401k, does the contribution itself become taxed ? I.e the contribution of $19,500 becomes ~$12,000 (example) Or, can you pay it off outside the retirement pool —> Where you still have 19,500 in the Roth IRA and let it grow?

I have 10 years of experience in Performance Testing. Having an offers from Barclays, Xorient, Mindtree, Synechron.Highest CTC is from Synechron (6 lacs higher than all the offers) which one should I join?