Anyone concerned about the market shifts and recent layoffs and the impact it might have to our consulting business?

funny
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Not really - corporate layoffs usually translate to good times for consulting businesses

likesmart

Generally speaking, consultants do well in recessions once corporations find bearings. The grey area is where consulting struggles.

Well run consulting firms engage in continual attrition vs. lay offs. They always have the proper skill mix to address client needs. Stay relevant and you always have a job.

likehelpful

What layoffs?

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Look at unemployment claims. Initial claims haven’t moved up at all. Continuing claims are near the lowest all time. So in the aggregate there is not a layoff problem. That data is a very real time indicator.

The layoffs/hiring freezes are basically largest at high flying tech companies but are still very small by historical standards. Other sectors (manufacturing, logistics, retail, healthcare) where people have fled from during the pandemic can definitely pick up slack from other industries right now.

Banks seem prepared for tighter interest rates and defaults. If financial services is fine recessions in other sectors don’t get nearly as bad. In 08 when all the banks failed that was the bad signal, most recessions are not like that.

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Inflation drives wages up.

Hire someone today that makes 20% more than their coworker. Tomorrow they have lunch. Let me know how that goes for HR.

You find shelves, adjust internally, resume hiring. While waiting for revenue income to inflate accordingly. It is a zero sum game in the end. You never want to be caught with that lunch conversation being ubiquitous.

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Nope. This isn’t a thing

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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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Hi fishes,
Has coforge fired any employees in 2022?

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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Has anyone here ever been fired for being rude to a customer?

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Blue shield of CA fired 375 people. Any other insurance companies having massive layoffs?

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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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I got offer from IBM in my home location itself, with 18.5LPA fixed for 9 yea in automation testing. Here my manger is confusing me like layoff will after u join in IBM.. but I am in cts as 11.2 only .. but now I got SA promotion with 10 % hike .. and also no retnation for me also not there whether I can choose IBM or stay here .. kindly help guys .

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Is Accenture canada expected to do layoffs?

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Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

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Hi all -
Sorry for the long rant, but could use advice or just encouragement.

Got laid off for the first time in my career 3 weeks ago. I have 10 years of PM experience (mostly ecommerce & experimentation). I was fortunate in the past to have had recruiters scout me directly so this is the first time in over a decade that I am applying to everything that I’m qualified for, mostly qualified for, and way over qualified for with zero leads. Only 3 interviews thus far that didn’t go forward.

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Am I more or less likely to be laid off if the economy tanks even more if I just started as an analyst two months ago

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We’re in such a vicious business. You give your heart & soul to an agency, a client, a brand. Then the wind changes & you’re laid off, reassigned, chewed up, spit out, on to the next. I’m tired.

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If I just chill on the bench for long will I still only get fired at the end of the year?

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Those let go by Y&R/VMLY&R - did you get severance and how many months?

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Resume question I've had three positions over my career one of which lasted 3 months and that I got fired from, the job search took an additional 2 months. Is it worth it to leave the 3 month stint off my resume? It might be easier to explain getting fired then a 5-month gap I was thinking

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Got laid off on July2, still no unemployment payments from NYS. Is everyone having that kind of delay? Impossible to get through to unemployment on the phone.

Did someone get fired in the new manager training in Orlando after getting drunk?

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Had a fight with my MD or let's say more like argument. After that the next 2 months was endless nitpicking and pulling me for mistakes that aren't really in my control.

Post 3 months, I apply for a transfer. Transfer process delayed for some process reasons
No negatives/issues in my f22 feedback. Utilization above target. Way Above average
Recently fired without reason
Who should I escalate to?

PS: Ignore typos. Written in anger

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S&P Global I heard S&P Global recently fired so many people from Ahmedabad, Gujarat location.
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Hello,

Currently, in accenture. I have had very bad billable hours and not much achievement this fiscal year. I am worried of getting fired, so i applied for another job. Got offered may be 5% above my current pay with 5k bonus, but in lower level at Deloitte. I think working lower level will give me more opportunities to learn as i think i have lot to learn. I made decision based on my gut and accepted the offer. I have not talked to anyone on accenture side yet. What you think?

likesmart

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