Anyone know how deep PwC is going with the layoffs in August? I know it was 10-15% for most groups in June so just wondering if it will be smaller since they just went so deep.

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P5, because we should not be mixing up. The idea is that we offer different services. But going upstream is sexy for MC and going downstream is something that the industry is doing anyways and is tempting for our partners because of long term programs at premium rates. Thus, we end up mixing and matching and creates this issue where an S& Mgr makes more than an MC director who runs the program and it's uncomfortable. Also, at S& salary is very transparent. Everyone knows how much everyone else makes (base at minimum ) and ranges of bonuses (they are public and the only thing that is confidential is your ranking). So it is not rare to have those convos in the team room. Making it even more awkward

Your "chiming in"makes no sense. Can't speak for the rest of my colleagues but I know that, among other reasons, I decided to stay with my partner team after the acquisition because I liked the people. No one from our entire group went to work for a competitor. I wouldn't do this job for half a dollar less than what I make today. At the sole hint that pwc would harmonize salaries down (they cannot harmonize up) I would jump ship and go to industry.

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Please stop these posts. I just found momentary distraction in Pokemon Go. I am on the verge of emailing leadership and asking them to be up front so the uncertainty ends.

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I heard 90%

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Most of the top performers at S& already left. Look at its ranking now. I agree that PwC shouldn't treat the S& as elites over the pwc employees anymore. Just costs extra money and breeds resentment and divide

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@pwc5 clearly not a partner.

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D2, thanks for the trolling. Go back to uncle d, looks like things are not rosy there. Fuck off

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I think they should just bring S& comp in line with the cohort. That will be better than layoffs!

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I heard 15-20% for advisory.

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D1 pls go to your own thread.

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unfortunately, consulting is not absent of instability. In theory, big 4s should be more stable because of longer term nature of programs and because they allow for longer careers with no significant change in work life balance. But recessions hit everyone

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I like the transparency with salary ranges. No points in keeping the cohorts confidential.

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EY1 yes, ratings just impact bonuses

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Technically, they could affect raises because cohort jumps are not automatic.

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If you don't move up cohorts you're typically counseled out though, unless it's some unusual circumstance

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An additional 15%? Jesus

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Are there more coming?!

Seriously?! Another 15-20%? Wtf

P3 from who? Your Fairy God Mother?

No, in total this calendar year.

Whaaat

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