{ "media_type": "text", "post_content": "A tenth of the Strategy Practice at Accenture got laid off 😳 #HungerGames", "post_id": "56d4cdd7705ad90e003b26f7", "reply_count": 20, "vote_count": 9, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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A tenth of the Strategy Practice at Accenture got laid off 😳 #HungerGames

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We really need to do something about those kitties.

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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.

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

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Source?

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

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

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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

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