{ "media_type": "text", "post_content": "A friend was told their firm will cut ties EOY if certain things don’t improve. Friend had planned to quit in the next year anyway (to start their own business), so there is no real incentive to bend over backwards. Friend’s goal is to keep the income for a little longer, but to minimize conflict / headaches. What’s the best move here? Wait until EOY and take the severance? Give 6 / 9 / 12 months’ notice now? Is there such a thing as too much notice? Could too much notice backfire?", "post_id": "60edefa58d2fb8002b5a9801", "reply_count": 10, "vote_count": 1, "bowl_id": "5df70ed2f7169f002b172d3f", "bowl_name": "Big Law" }

A friend was told their firm will cut ties EOY if certain things don’t improve. Friend had planned to quit in the next year anyway (to start their own business), so there is no real incentive to bend over backwards. Friend’s goal is to keep the income for a little longer, but to minimize conflict / headaches. What’s the best move here? Wait until EOY and take the severance? Give 6 / 9 / 12 months’ notice now? Is there such a thing as too much notice? Could too much notice backfire?

like
Posting as :
works at
You are currently posting as works at

Get severance! And unemployment. in some states you can get both.

like

Why give notice? They will just get fired on notice. Anything more than a month and the firm isn’t going to keep them around if they’ve already been put on probation.

likesmart

Good point, thank you

Is there any benefit to giving notice? Some firms escort you to the door the moment you do that because they don’t want you taking client contact info or work product. It also seems likely that he wouldn’t get severance if he leaves voluntarily and might cheat himself out of unemployment eligibility.

likesmart

This is a really good point. He thought severance wouldn’t apply if they want to expedite but maybe not

like

I have no direct experience here but I think giving any notice right now will backfire and they will either walk you out or give you a few weeks to wrap things up- that’s it. If this were me and I needed the money, I would bust ass at the firm to make money, increase my network, and leave on the best terms possible (never know who your future clients will be or if you need to return to that firm later).

like

EOY is still far away. Your friend should improve, keep their job through the end of the year, and negotiate severance if this is the case.

like

Your friend cannot count on getting additional time after the end of the year. It’s entirely possible that the firm has another chat with them in October and November and says “things haven’t improved, so your last day here will be December 31.” Or even less time than that. Notice (especially multiple months notice) will not do anything for your friend. If they want to maximize income for as long as possible, doing really well *may* kick the can down the road a few more months. But make no mistake: by the time this conversation is being had, the decision has usually already been made. Absent very unusual circumstances your friend will not be able to work themselves back into good standing.

like

They need to leave. Do they want to disclose on all future bar apps that they were fired? Plus nit all firms give severance if they have given this much if a head's up.

For future jobs, You don’t have to disclose you were fired and it’s illegal for the firm to say so. What effect would getting fired have on your bar application? I had been fired a few times before my bar application and it was no problem. Quitting now would be giving up a lot of severance money.

like

Related Posts

Considering making a move between big 4 firms. Would I get fired immediately once I give my notice if I accept another firms offer?

like

Hi All. Recently got laid off here in Chicago. Trying to network with other people from other firms. I was wondering if any consultants in Chicago would like to meet up sometime? Thank You.

like

My laziness the past couple of weeks has me believing I should have been laid off

likefunny

I am recently received an invite for a meeting with a partner and a HR person which means I am either going to be laidoff or put on a reduced schedule (60% time for 60% pay). I would rather being laidoff since I don’t want to still work 100% with 60% pay. How would I frame it if they put me on the reduced schedule? I don’t want to say “you have to fire me” since it might be counted as resignation and I won’t receive the severance package.

likehelpful

Survived the layoffs on friday-but still shook up from seeing a bunch of my friends get walked out all around me. When a layoff happens should I be updating my resume/looking to get off the ship?

like

From reading this app. I realize we have it really well at EY. Deloitte doing major layoffs, KMPG has to come in at the crack of dawn, PwC well the hours..

like

Were there a lot of layoffs only at EY or at several consulting companies?

like

Have any consulting companies started layoffs or furloughs? Just curious.

like

Risk of getting fired as a new experienced hire in HC with solid 3 ratings and tons of impactful PRD, but on the bench for too long?

like

If you get fired from Deloitte (or similar), what would they say in a background check? Would they say “would not rehire” or something like that? Anyone have any issues with this?

Hi moms - I had posted earlier about nanny not active with toddler ( toddler bottles up and melts down a lot in the evening), let baby cry etc. I had the gut feeling that she is not the right fit for us and many moms here agreed. I am now trying to tell her that she isn’t the fit for us but this is my first time. Can you provide suggestions how to let go a nanny ? I plan to provide her severance for 2 weeks but I am not sure how to tell her - short and sweet

like

I was laid off from a resource management role, working with employees approaching or on the bench, working with managers to staff projects, and support functions like report creation, scheduling, etc. Roles like this are few and many large consulting firms have frozen internal hiring. Do you think it would be beneficial to get a SHRM cert? Would that help get a "talent related" HR role? Worth the money? I have a background in recruitment as well.

like

Loved latest episode of Billions….you are not vaccinated you are fired.

like

Does anyone else feel like some of the recent layoffs are premature? Especially with the President’s reopening guidelines today. I feel that agencies could of held on to employees longer.

like

If the big4 has an up or out model, do a lot of senior managers get laid off? Not everyone can be a partner/principle. How long can someone be a partner/principle for?

like

I got laid off today and need a new job asap. Would love to connect with anyone looking for a junior writer.

like

Whole family was laid off work so I’m the only one working right now. Really demoralizing. Crazy times

like

DH Philly employee here struggling to cope with the layoffs today. I wasn't personally laid off, but seeing so many coworkers let go has rattled me. Advice?

like

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..)

like

Just had call with coach. I didnt get fired!!!! 🍾😆💵🤗🍾🍾🍾🍾🍾🍾🍾🍾🍾

like

Additional Posts

Perspectives on Managing Director (newly promoted) base and variable comp across big 4 and equivalent firms looks like these days?

like

Things to do before resigning? Like, gym membership reimbursement?

like

Currently preparing the TAM final round interview (RRK2, GCA, Googleyness/Leadership). Any tips that you might share regarding the three of those? Thanks

like

EY 🐠: Base comp range for M2 or M3 in EY SAP practice (Houston office). Have an interview coming up next week and rather not waste anyone’s time if EY base comp is lower than Accenture.

like

Do anyone know how much salary do Infogainers get in Infogain United States.

like

Final round McK interview today, so stressed out x.x

like

Question about expensive mileage while traveling. If you are in a city (greater than 100 miles from home office), do you still subtract out your normal office commute mileage on a daily basis?

like

Interviewing as an experienced staff in KPMG’s financial management (MC) group. Can’t seem to find people who work in that group to get a good picture of what to expect. Any info is helpful, thanks.

like

Outside of SWE, which roles at FAANG would surpass MBB comp?

like

EY hiring for Business Process Management roles. Skillset : Pega Platform

like

How easy is it to switch projects? A project that would be a better fit wants me to join in February. If I can train a replacement to do my job, I should be able to switch over, right?

like

Hi, All - Looking for some Healthcare/Life sciences Partners who can share their perspective on Syneos Health Consulting - how is it viewed in the marketplace as a brand? Is it a viable competitor?

Interview with Goldman’s sales strategy and enablement team. Can anyone provide insight into this process? Or connect me with someone that can? TIA

I am headed to Waddell and Reed tommorrow morning for an interview. Anyone have any advice or knowledge of there practices that can not be found on there website. Appreciate any information.

like

Anyone able to comment on FDD at FTI? How is the comp, wlb, culture, etc?

like

New to options so appreciate the help in advance- have bought call options OOM - earnings is tomorrow - currently would make profit if I sold- but expecting good news tomorrow that would raise the underlying price. Multiple people are saying you should sell before earnings because the options price may actually go down - can someone explain if this is accurate and why?

like

What is the range for Manager Data Scientist at KPMG Lighthouse base and bonus? I have 5 years of experience and a relevant masters.

like

Production Company with client direct project looking for a freelance Creative Director who has experience in experiential & architectural design. 1 month gig on a large-scale experience. Needs help starting next week to help create some concepts and designs.

like

Anyone fly Delta with ORD as their home base? I realize I may need to take connections but is this worth it? Lost EP last year, status matched to Platinum with Delta if having status matters

I am currently working in TCS. I have 3 years of experience. And 2.5 years of experience in iOS application development. My current salary is 8LPA(I am getting 3.5 Lakhs as an Incentive). What can be my expected salary if I want to move to the next company

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal