{ "media_type": "text", "post_content": "Anyone ever tried prospecting when you find out a company is doing a layoff?", "post_id": "5a7ca44c6fe3da0315da2ac0", "reply_count": 3, "vote_count": 2, "bowl_id": "599feb177c057d0010be0554", "bowl_name": "Financial Advisors" }

Anyone ever tried prospecting when you find out a company is doing a layoff?

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

Yes. UnderstandAbly, the employees were more concerned about paying their bills and finding another job, then they were rolling over their 401k. I can’t blame them.

like

Yea worked well got 4 good rollovers. Referrals are key here. Focus on who you know then get introductions. Or do a lunch/dinner and get them to invite their coworkers

Also genuinely try to help them get re-employed. I’ve helped a few people find help with polishing up their resumes as well as giving them heads up about local career fairs. Once you get one, ask them to refer you to others

Related Posts

Recently laid off at a small gov contracting firm (non cyclical to this economy). My wife and I are expecting and thankfully live below our means. She has a great job too, thankfully…How should I maximize my severance and what should I ask for beyond cash? They offered 2 months of cash and my stock paid out. I was employed for 2 years. They at one point extended the potential of partnership and I’d like more, and they have the money. Should I ask for lump sum or spread it out?

like

Been in consulting for three months and I now understand why you always see people on this app talking about being overwhelmed. I’m in my ramp up “apprentice period” and working awful hours and constantly thinking I’m going to be fired. I also understand the drug use 😂

likefunny

Any updates on layoffs?

like

If you are fired from your job, can you still put in on your resume? Otherwise I’d imagine people would have some long ass gaps...

like

Any layoffs at the other firms? EY?

like

Can you apply to a company you were fired from years ago? Has anyone had this experience?

like

Laid off today. Anyone willing to refer a fellow fish?

like

Anyone else hear that post-CRT partners will get fired this year in commercial advisory? How the hell does a partner get fired....

like

If you get fired from big law, how likely is a firm to be vindictive re recommendations etc

like

How is the job security in IBM..Are there any layoffs happening currently? I’m much worried…

I have heard Deloitte cut recruitment and had layoffs this year. But their revenue and headcount number online show increase. Could anyone explain what's going on in Deloitte? Is it industry wise prob

like

My wife was informed a few weeks ago that she would be laid off as of end of year. She signed the paperwork and will be receiving a decent severance due to her tenure there. Now the company is saying they may have some other work for her to do for a few months and they could extend her contract if interested. If she says no, is she still eligible for her severance since she already signed her paperwork?

like

Being terminated as part of reorg. 13 years of service, consistently exceeded expectations. Officially considered partner. Package is 26 weeks of severance pay, two months "gardening leave", plus payout of long-term incentive. Would have preferred a more cooperative approach to voluntary retirement. Thoughts?

like

It ain’t the most important point, but whomever did Stacy Abrams makeup on meet the press needs to be fired.

like

Is Deloitte tax doing another round of layoffs?

likehelpful

I thought the great resignation would pause layoffs, but just saw two BBDO posts on LinkedIn… Any other agencies going through layoffs this early in the year?

like

What is your experience with counter offers? Did you accepted and stayed? I read that most people either leave or get fired shortly after. Thoughts please.

like

I got offer from vmware. I recently joined a company about 6 month back and If I am switching vmware in short time, I wanted to have a long term (~5 yrs) career with it. Techskills wise, I am good and learner. I heard recently, vmware layoffs particular team at China even though they have good tech skills. Should I join with VMware ? Or should stay in current product company ? YOE : 7 CTC : 60% higher than current pay Location : Bangalore

Just got my $6k severance check. I don’t need the money right now since I’ve got a bit of a cushion in my checking. Do I: 1) put it all down towards my student loan (it’ll cover half of the balance remaining). 2) open a HYSA and put it all there (currently don’t have a savings account for an emergency fund) 3) Combination of 1 & 2 4) Other?

like

Cooley sounds like a good firm? Standing up to Elon Musk when he wanted a associate fired

likeuplifting

Additional Posts

Recently promoted from Analyst to Consultant at a boutique HC firm in Chicago. Review was great, ranked as a top performer. Salary only moved from 71k to 79k (11% bump). Negotiate or jump ship?

like

Recently promoted from Analyst to Consultant at a boutique HC firm in Chicago. Review was great, ranked as a top performer. Salary only moved from 71k to 79k (11% bump). Negotiate or jump ship?

like

Are any big 4 hiring in Tax ? Which mid-tier companies are currently hiring for tax jobs especially Global Mobility Tax?

like

Hi Fishes, Actually my technical and managerial rounds with cognizant have been completed and yestereday 1 HR round of 10 min also completed.Now HR just asked my expected salary and experience just basic details . And in last he asked to share Salary slip , Form16 and other documents for validation ., Should i consider it as confirmation with cognizant or not ? How many days cognizant take to release offer letter ? My experience 3 years so what designation will i get if got selected?

like

I was just bitched out by a PM who (according to his LinkedIn profile) was a student four years ago, while the people pleaser baby ACD nodded and placated the PM. Some jobs you earn the bucks...

like

Besides compensation and other benefits, what are some of the reasons that make you want to stay with your firm & practice? Looking for innovative ideas to keep my team engaged and growing.

like

Seeing the “3% pledge for pay equity” popping up next to agency names here. Interesting that our Global CEO is a woman and don’t see us on that list. We also have the worst parental leave. 🤔

likesmart

Any good prep suggestions before starting MBA. I am headed to the IESE MBA program in Sep 2020. Post MBA goal is to join MBB. Have been working in Tech consulting and looking to make a shift....

like

What would you all realistically expect for comp in corporate strategy at 8 YOE, 5 years MBB (analyst and manager) and 3 years Corporate Strategy? I have a feeling I’m a bit underpaid and going to try to have a discussion with my boss. I’m in a non-tech industry and haven’t really tested the market at all since I left consulting.

like

Anyone made a transition from FAANG to B4 or MBB at PPMD level? I understand that culture and WLB is different... but was the transition hard or easy? I am a senior leader with FAANG and exploring options. My background is in sales, delivery, solutions development etc, MBA and MS. Thank you.

like

Does anyone know the billable hours goal for managers at EY?

likehelpfulfunny

EY - Business Consulting - SM/M, Supply Chain and Ops compensation in HCOL. What can I expect?

like

Hi Fishes, my current CTC is 15L, YOE - 8, I've got an offer from a company X for 30L and my current company is trying to retain me by raising my CTC to 26L and an extra 4L retention bonus which comes with a 2 year lock in period, I also have ESOP benifit with my current company, which gives me additional 3 lakhs benifit on Feb 2022 if I stay with current company, every where in the internet it says accepting a counter offer is a career suicide, what should I do, pls suggest, thanks in advance!

Recently laid off at a small gov contracting firm (non cyclical to this economy). My wife and I are expecting and thankfully live below our means. She has a great job too, thankfully…How should I maximize my severance and what should I ask for beyond cash? They offered 2 months of cash and my stock paid out. I was employed for 2 years. They at one point extended the potential of partnership and I’d like more, and they have the money. Should I ask for lump sum or spread it out?

like

What are good ways to network / do informational interviews before starting MBA. Trying to use linkedin but it’s very limited with how many inMails I can send. What are other ways?

likehelpful

Hi Everyone! I’m an S1 doing business tax. I’m looking to transition into either M/A tax or transaction tax next year. I have about 2.5 years of experience in core tax. Any insight (WLB, salary, general trend) about either of them for someone in NYC? Thank you all! I appreciate it!

likehelpful

Hello. I am an associate analyst who joined in 2019 . I did my mca online. Milestone to analyst 2022. Is it possible to fasten my promotion to consultant ?

like

Bill Ackman said the hotel industry is done, what should I do with all my points before they disappear? Clearly not switch them to airline points either

like

I’m considering making the change from a functional consultant role to a change management consultant role. I would maintain my certification but obviously lose out on a lot of configuration experience. Does that seem like a mistake for long term career growth and earning potential?

like

Hi Everyone, One of my connection is looking for Internal Audit profile. He is BCom graduate fresher. Looking for work from home oppurtunity. Can anyone please assist here.

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