$5.5 billion settlement. Perhaps the cause of all the layoffs ?

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FT reported settlement was 2.1 B and insurance is covering 1B (look for AIG stock to take a hit)

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PwC is not a good place to work anymore. You never know when it's your turn.

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What are you talking about? The lawsuit claimed $5.5B but I seriously doubt the terms were actually $5.5. More likely some fraction of it to avoid bad press and depending on their perception of how likely they were to lose.

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Another round? Which groups?

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I got confirmation today from a manager about the layoffs. Regardless of how much they settled for, I am curious to know if that's one of the contributing factors for the current layoffs.

$100 mil tops

Related Posts

Laid off with 1 YOE. Do I include college Awards / Extracurriculars (have just one line to list each right now) ? How about SAT scores?

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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

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Hi,
As of now I got into PIP so does it indirectly means that i will be fired.?

Stuck in a weird limbo where I want to leave my job more than anything but grateful that I have one at all with all the layoffs in our industry. It's a new kind of trapped. Anyone else feels the same?

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Anyone hear talks of layoffs in Advisory? I know my office is laying off Assurance and BTS (Tax) staff but haven't heard much of Advisory yet.

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Hot take: if it’s actually a stealth layoff then everyone else got the same speech as you and outing the firm won’t identify you.

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Hello all, I have received an offer from tiger Analytics for Data Scientist role. Kindly suggest if I should join the company in the recent events of layoffs and recession?

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I was informed today that my employment would be terminated at a tier-2 consulting firm in Toronto. The reasons for my dismissal are unclear and I would like to get legal advice on the termination agreement and severance package that was offered. Has anyone experienced a similar situation and can refer a good employment lawyer?

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Hey Fishes,
I am suppose to join BNY Pune on grade I very soon. Wanted to check on how is the bank doing in the recession time. Any chances of layoffs predicted? Is the bank suffering any loss?

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Is anyone hearing chatter in banks/FIs about recessionary job cuts or hiring freezes yet?

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Is Accenture canada expected to do layoffs?

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With some of the big tech firms stock prices taking a hit..Meta layoffs announced last week and a few others revealing some teething issues. How do you see the tech market Outlook over the next few years.

Software Engineering compensation
Demand for tech hiring
Are we seeing a shift within the FAANG club and are we going to see new arrivals to the table?

Is the life-span of big tech companies usually only a few decades. If companies stagnate, they die...is this just a sign of more to come

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hearing there was massive layoffs at concentric today. in the dozens. can someone confirm or refute?

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What's something you've seen a manager fired for almost instantly?

likefunny

Hi fishes,
Has coforge fired any employees in 2022?

I was laid off last to last week, can anyone of your please refer me to your company, I'm 1.5 year exp in Java Spring Boot Angular Postgres Camunda BPMN..

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MBB AP about to exit to non-FAANG tech. Would you expect a signing bonus and/or pre-determined severance pay if things don't work out with the new company? Anything else that people have negotiated during their exit? I'd be leaving a large amount of bonus on the table to leave before the end of the year.

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If you still believe the election was stolen, you should be fired from your job because no client deserves a consultant with such poor critical thinking skills.

likeupliftingfunny

I am seeking new employment, I was recently laid off due to lack of work. I would very much appreciate any leads. I have a Bs in Construction Management and over 15 years experience with Revit and AutoCAD and 7 years of plumbing design. I have solid references and impeccable work ethic. I truly enjoy what I do. Working remotely the last three years has become a way of my life and supports our current situation well, therefore I am seeking a similar role but will consider other opportunities.

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More Posts

What schools are strongest for exits into impact investing? Just getting started on my MBA research and it seems like Stanford in the US and Said in the UK are top.

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Joining Google Strategy & Ops in June. Looking for books/videos/trainings to learn about the overall ad business and also Google’s specific ad products. Also may be worth mastering Google Presentation (vs ppt) Any suggestions?

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Hi PWC AC Bangalore folks. Can anyone please tell me how many days before they will share invite for joining day formalities.

TIA

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Hi All

I am having 2.7 years of experience and looking for a functional testing role
Can someone please refer me in Oracle??

Tools: Siebel CRM, Jira, Bugzilla, HP- ALM
Skills : System Testing, Regression Testing, Brm testing

Please help

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What does “woof” mean? Why would someone “woof”? 🤔

likefunny

Found a random engagement ring.

Hi all, so I found a platinum ring (which I assumed it's an engagement ring as it has dates and initials engraved on top.) And a Divvy tag (I have no idea what it was until I googled it. Apparently it's a bike sharing service in Chicago) in a briefcase I ordered online. I was thinking of returning the item back to the store but that wouldn't help the person who lost the ring. Attached is a picture of them.

What should I do now?

**I'm not in Chicago

Post Photo
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Any one from Justworks willing to refer me?

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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Hi guys. Has anyone attended the @Autodesk frontend interview? How was your experience?

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Three job interviews with a company, last one creating a marketing plan and presenting to marketing VP. I received good feedback from him. Three days later recruiter wants to give me a call and “give an update”. Schedules it after 2 days. This morning cancels last minute as they are having “internal discussions”. I’m really annoyed and tired. Thoughts?

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When you're on a date and you say what you do...what are the reactions?

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What’s it like producing at 360i NY?

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Do we get anything on diwali from optum

Can we open New Salary bank account in Optum for lateral? Or its mandatory to provide last company's salary account details and continue with same bank?

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Is there anyone here???? I have an IP question to discuss but it seems like it’s a ghost town

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Got an offer as a Senior 2 in EY’s FAAS practice for $117,500 base and $12,500 bonus. Home office is San Francisco. Is this expected for that position? Any insights?

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What is considered a “large” caseload in employment litigation? I work at a large L&E boutique law firm and handling about 14-15 active litigation cases in state/federal court or arbitration. Some of these matters are multi-plaintiff and multi-defendant cases, but none are class actions. This does not include any matters I am handling in the charge stage or in pre-litigation. Not sure if that’s a typical caseload or not?

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No uproar over cab here? Thoughts?

Additional Posts in Consulting

What are some concrete reasons why someone in consulting would be fired, other than the obvious stupid things?

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If you win the lottery tonight, what’s the first thing you’d do and/or buy?

like

Traveling with someone (booked tickets together) and TSA pre check didn’t print on their pass (they don’t have it, but previously anytime they book with me it prints on theirs too). Any chance of getting that fixed?

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What are some of the must read books in Management Consulting?

likefunny

Might sound basic, idk what I'm doing. If my home office is in one state but i work for a client in another state for part of the year, should I file taxes as working and living in separate states ?

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Question for Goggins & Jocko Fans: How do you use their messaging to get you motivated on work related activities - such as delivering quality work, finishing that slide deck or prepping for an interview? It appears that they are more geared towards motivating the couch potato in to exercising.

I wonder how Jocko would handle consulting life :)

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Those working in consulting - would you class yourself more of a doer, thinker, or connector?
Generalist vs specialist in nature?

How does your nature hinder or support your role/career...

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Layoffs at Walmart corporate 😬😬

likefunny

I have the most terrible coping mechanisms in that I binge eat/mindlessly scroll through social media. It’s hard to break this cycle but I’m hoping to replace these with healthier/less harmful coping mechanisms. What works for you when you’re stressed?

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Anyone else realizing that you would much rather WFH than be working in the office/traveling? Realizing this is probably a sign that I don’t like my work and coworkers enough..

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Just got staffed on M&A due diligence.

Send me strength.

likeupliftingfunny

What does corporate/business development pay look like in big pharma?

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Anyone have CFP Prep books they don’t not need anymore?

likesmart

My fellow South Africans impacted by what’s going on, my prayers are with you!

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A first for me, after 1.6 million miles. Thankful for a delay. The delay on the connector saved me a night at ord Hilton after the ludicrous delay on the first leg.t. Truly grateful united

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Do you charge your time to BD or Project code for on boarding activities (e.g. calls, reviewing materials) ? Prior to getting to the client site.

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New to negotiating….does it look bad if I ask for two rounds of negotiation on different topics? I.e., base and then start date / vacay days? Should’ve done it in one call but couldn’t think on the spot.

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I love my pancakes but this waffle right here .. 💥

Post Photo
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Any really impactful books that have helped you career-wise? Not necessarily consulting focused. In need of guidance and a new book so figured I'd kill two birds with one stone or whatever.

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Best alternative to Hilton loyalty? And will they match my status? Getting fed up with Hilton's poor customer service.

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