Americas staff laid off by 10% today. How’s everyone doing?

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The rapid hiring in the last couple years by leadership was irresponsible and could’ve prevented the situation the firm is currently in. Of course, the firm was experiencing consistent client demand but we undoubtedly were over ambitious in recruiting targets and have too much headcount now as a result. Contract consultants could have been brought onto projects along with hiring less FTE in preparation of periods where demand dips.

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Couple that with lack of availability of contractors - they were all in demand and many snatched up by other firms as well!

smart

Me as an intern hoping for a full time offer

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likefunny

I think they meant they are doing the internship right now

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Looks like it was an surprise notification in the morning, and leadership wasn’t willing to share how layoffs were decided. Looks like it may be performance based though since many new hires remained

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How do you know? Was this announced in the all hands?

I knew some folks who were performing well that still got laid off…definitely something else involved as well. Perhaps like overall trajectory

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Rough day

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From another office - but overall curious to know how was the process managed? Did people know beforehand or this came as a surprise?

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Anyone know the situation in europe?

Eu doing okay

APAC never gets enough attention, how are you guys doing staffing wise?

Currently carrying the firm

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How were layoffs decided? Performance or LIFO or something else?

AS1 this is not true.

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Just found out I got laid off. Cheers to the weekend 🍺

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helpful

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.

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At this point in the game it doesn't make a difference where you at everybody is getting laid off at one point or another the only thing I say is try to repair yourself for it if it happens to you

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