A tenth of the Strategy Practice at Accenture got laid off 😳 #HungerGames

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

We really need to do something about those kitties.

like

Yes. Can't tell you the source. But that's not uncommon in consulting. They start with lowest performers when things go south so rest of firm can survive. This is not a normal industry job. High turnovers, both voluntary and forced, are expected. Just gets worse when work is scarce and work is scarce right now across the industry.

like

Also this is in addition to the up and out - anecdotally I heard of newly promoted consultants being let go due to chargeabi kitty

like

Source?

like

I don't think you are the only ones. PWC is laying off a bunch of people across the board.

like

There was a heavy bench at Accenture Strategy - and heard about RIF- didn't know about 10% number

like

Is this for real?

I can sense that. Our bench numbers are high

Strategy has an up or elsewhere policy now. Don't get promoted in the years expected (aggressive) and you'll be pushed out

It's also why pay went up significantly and all strategy people ready for promotion for it in December

*chargeability

Literally decimated

@OP any more layoffs planned? Or is that it for now?

@A2 yup. There was this one guy I knew who just got back from paternity leave and struggled to find a project for the last 2 months. Was gonna reach out to him today but realized his name was no longer in the system.

^Coolest thing to see! 🤔"Oh, I wonder how X..." => 😶 "Presence unknown" => Good for them, they got out alive! 🤗👏

I think this is just the first round of layoffs and there will be more from what I was told; whatever you do stay OFF the bench & keep your chargeability high

@A4 getting laid off doesn't sound very cool

@OP do you have a source or is this your feeling? I only ask because 10% is a significant reduction

My source is from my CC & a few fellow analysts so hearsay.

@D3, primarily talking about people who leave of their own volition

Related Posts

Tax Senior here. I’m well liked around the office, I put in the hours and work hard, I haven’t had any dumpster fire projects, but I am a mediocre performer compared to my peers (not as strong project management, communication, not as confident). I just got told they’re firing me. Should I expect severance? Have other people been fired for similar? What did you do with your career?

like

Which agencies are going through layoffs

like

Deloitte US just announced layoffs. Any other B4 started layoffs too ?

like

All these layoffs reminding me that loyalty is dead

like

Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

like

Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful

It’s Wednesday! How we feeling? Any tea? Heard stealth layoff are happening but not 100% sure if it actually happening.

like

Anyone hiring a UX Designer in Atlanta? I know someone who got laid off

like

There have been surprising news with layoffs lately. Has anyone here been affected by the layoffs at Twitter or META?

like

I recently cleared all rounds of interview for Mindtree and waiting for the offer letter. However, since Mindtree has been recently acquired by LTI, is there any layoff expected to happen in Mindtree?
Kindly pls give me an idea about how the situation is now in both companies.

like

Hi! This is post is for a friend who was recently laid off due to budget constraints at their company. They’re actively looking for new roles in Business Analytics, Finance or a combination of both. Any referral would be extremely appreciated.

like

When you say your salary jumped __x, how is that exactly calculated?

Mine was $16k (minimum wage before joining corporate) > $40k (contractor total before getting laid off) > $150k (current FT)?

Is that a 260% jump or 2.6x from $16k to $40k?
And a 375% jump or 3.75x from $40k to $150k?

Or do I calculate it by hourly rate?

like

Just a joke, take it as a joke-
.
Recently Better (dot) com's employees were fired from the job.
If you are some HR/Senior management personnel and hiring them.
You should reconsider your decision as they will make your organisation BETTER. :-)

likefunny

After 10 years of working as a FTE PM/producer I’ve now been laid off (thanks Covid) and am looking to start freelancing for the first time. What advice do you have for a new freelance PM/producer?
Also, what kind of insurance do you take out as a freelancer?

like

Pretty sure I’m about to be fired. I have an offer in hand anyway and have been on a few interviews that have gone well, and a few more lined up. Am I gonna be ok?

like

First year here. Do associates get fired for not meeting the billable requirements?

like

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.

like

Given the outbreak, are places actually going to be hiring right now? Recently laid off from 9-5 and my freelance is starting to fizzle.

like

My account partner is doing a terrible job and will be getting fired—timeline TBD. Given we are living in a pandemic, I want to give them a heads up to start job hunting. How inappropriate is that? How could I do it?

like

More Posts

Anybody work for asana partners? Wondering compensation and opportunities

like

I am currently working as an implementation manager/client onboarding role. I want to switch to program management or product management. What would be the right way to go about it?

like

When employees get to know their annual increment in BOA and from which month it will start calculating as per revised ctc??

like

Which combo on fan duel: t.y. Hilton and duke johnson or stefon diggs and josh adams?

WOAH there’s a gaming bowl, super hype

Anyone here play apex? Thoughts on the latest season?

like

This 2010 was to early to pop. After 3 hours it started to show the depth and complexity. True to form, this is an old world style of wine giving more gritty earthy notes.

Post Photo
likehelpful

I just moved to Denver and my AT&T cell service is awful here. What carrier do y'all recommend?

Hi fishes!
I want to know how long do top agencies take while hiring (complete process). I have applied at several organisations but they are proceeding so slowly.

I'm also quite desperate to join at a good place to learn.

like

Hi Fishes,

I got 2 offers
EY GDS : 16 fixed +10% variable
mphasis : 19 (Bangalore)
Overall exp 7+. Which one will be better?

like

Has anyone received band progression mail ?

like

Today i got my variable bonus of 10k, i get 59k inhand every month in which 2k gets deducted as tax, today along with the bonus of 10k I got 67k inhand and tax deducted is 4.5k. I'm kinda lost. Can someone pls explain y this?

It's been exactly a year since I quit my last job without having another job offer. I found one on 70th day of my unemployment EAD period. Going steady now.

like

does anyone have experience exiting after 1 year? any vengeful MD stories? my MD knows a lot of people and i’m scared if i interview or exit to one of these places that he has a connection at he might try to mess with my career...

like

Do you shoe check others at the office?

likefunny

Hi Fishies, i have experience working on Oracle Peoplesoft as well as Oracle Cloud.
Now i have been interviewed and selected for Ameriprise where I would learn on the job and work on workday finance.
No WD certification.
Will it be a good choice in the long run?
Also, how hard is it to learn workday without proper formal training/certification ?

like

Any Principal/ Senior Principal here from Infosys Consulting CIO Advisory team? Need urgent help...Infosys

like

Anyone lived in, live in or visited UK? If so, what places and areas would you recommend staying and/or visiting there?

like
like

Hey all - looking for help finding new men’s clothing for casual wear (all seasons). What’re your go-to brands?

Trying to expand my style & look at new brands - currently shopping at Zara, H&M, Bonobos, Banana Republic

Thanks for the help!

like

Additional Posts in Consulting

Automatic red flag to have an engagement kickoff just before the holidays, receive emails at all hours of the day (to include weekends/holidays), be told there’s a lot to do but “it’ll be a great opportunity”, and then be told leadership wants people to prioritize work life balance? Figured I’d be looking for an exit soon, but this just pushed it up.

likefunny

Accepted a new job at competing Big 4 but got a message from a recruiter from MBB. How do I respond to the recruiter? Is it worth it to take the call and be honest with them?

like
like

Question re. Global Entry - expires end of December.. close locations are sold out on appointments until March. Can’t seem to call them, but read somewhere they are offering extensions. Anyone know??

like

When did you put company email on your personal phone? First year? Second year?

like

For a non-tech person who is moving to AWS, what certification would you recommend to learn more? I’ll never be a solution architect, I’ll be an L8. I just want to learn more about the services, offerings, and think a crt could help. Cloud practitioner / Solution architect / other? Avg study time ? I want to learn more and at a director level (L8).

like

Anyone have good book recommendations that I can learn from and are entertaining? Trying to survive a 10 hour flight this weekend 🆘🆘🆘

like

What is the base pay range for an associate principal at Hackett does anyone have an idea?

like

Which firms are traveling right now?

like

Who’s running diligence for this TikTok deal?

like

Bench time done right:
Camper van + cell signal booster + (nearly) unlimited battery power + National Parks pass = gorgeous “home office” views

Post Photo
like

After getting kicked out of McK late last year, this gives me schadenfreude 🤣

Post Photo
likefunny

My current firm didn’t require a case interview. Would like to leave soon, but want to have my ducks in a row. How can I best prepare for Big 4 and MBB interviews? How did you all do it?

like

What are the main reasons why you would recommend going big 4 instead of MBB? Have any of you successfully swayed a candidate to go big 4 instead of MBB?

like

Books to learn more about how to drive sales in consulting? Any recommendations?

likehelpful

My Uber driver has a Tesla. Stories of the Uber driver having a nicer life then you. Go!

like

Is a JD or an MBA more useful for consulting? Assuming M7 MBA or T10 JD.

funnylike

I’m a few years out of college and have been mentoring a few students and new joiners at my company. Sometimes, I don’t even feel like I’m good enough to mentor anyone. Any advice?

like

Curious is anybody seeing layoffs in consulting? How busy are your cyber practices?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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