{ "media_type": "text", "post_content": "Are Deals groups going to see layoffs given this crisis? Seems like all active deals are dying and companies are just looking to conserve cash", "post_id": "5e738400e02b38001d79429f", "reply_count": 5, "vote_count": 3, "bowl_id": "5bc69fa51498b20012903b07", "bowl_name": "Transaction Services, M&A, Deal Advisory" }

Are Deals groups going to see layoffs given this crisis? Seems like all active deals are dying and companies are just looking to conserve cash

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

They didn’t in 2007. They knew it was more expensive to rehire after.

like

I had a recruiter from FTI contact me insisting they they’re going to see additional work due to the recession. I am not buying it. Also internally at a regional firm Partner stated we might get more work due to companies not wanting to pay big 4 fees. Again, idk how accurate.

likesmart

Pwc brings a good point, they would only fire if they drastically overhired in the first place. They really don't make money on you (in terms of your client output), until you can hold your own as an experienced staff/senior/etc. First year/second staff are pretty replaceable, but they are ok with a sometimes rough performance because of the return they'll see on you if you stay a bit longer. New hires would start that clock all over, plus kill morale (firing then hiring en masse).

like

I remember in 2000 people in FDD were offered temporary work in audit and other practices. Helped bridge the gap until things picked up.

like

I’d imagine the Valuation group would get a decent amount of impairment work

like

Related Posts

About to get rolled off a project, manager thinks I’m underperforming. Has anyone gotten rolled off before and bounced back or do you usually get fired shortly after? This is the first time

like

Hi, I am looking for Research Analyst job in Mumbai. Please refer me if there is any vacancy available. I am working as Research Analyst in Merit Software Services and have been laid off due to pandemic situation. Any help is appreciated.

like

Are layoffs still happening at Deloitte or did the bloodshed finally stop

likeuplifting

Any agency layoffs yet? (I obviously hope not. Just trying to get a sense of where agencies are sitting.)

like

Been laid off for sometime now, I'm worried about getting a job in this market now especially with all the pandemic surrounding us.

like

Any of you have side hustles - and how do u manage it? I’m PT running a not so demanding business & also trying to become a DJ Obv not gonna do consulting in the LT but dun wanna get fired now either

likefunny

Any more word on the PwC Forensics layoffs? It appears to be going on in multiple markets.

like

I heard WK laid off 50 people this week ? Surely this can't be true . They're indepdent and can think long term

like

I was laid off because they didn’t have enough work for me (despite assurances that it was all fine, no plans for layoffs etc). Since found a new job and it’s been slow, and my requests for work seem to be going into the ether. I know rationally it’s too soon to panic but I can’t get past that anxiety of being laid off again due to lack of work. Anyone been through this? How do you get your confidence back? (My work is my life. I don’t have much non-work stuff to focus on, which doesn’t help.)

like

Will potential employers be able to find out if you were laid off vs fired?

like

If you get fired from Deloitte (or similar), what would they say in a background check? Would they say “would not rehire” or something like that? Anyone have any issues with this?

An ECD of mine fired me after I talking me out of quitting, then talked shit about me to literally the most prominent headhunter in advertising. This was 20 years ago. Now he wants to be friends on Facebook. WWYD?

likefunny

Fired from big law and still unemployed 8 months out. I’m a mid level transactional associate. Is my legal career over?

like

PwC FS - do you guys know how they're determining layoffs? People who are in projects are getting the boot which is scary. Apparently there will be more rounds and this week was just the beginning.

like

After getting laid off 2 weeks ago, I fired off about 20 resumes to different places. I have not received any feedback at all. Any ideas how to get past the computer and in front of someone?

like

Deloitte layoffs still happening. What the heck?

like

If you’re at risk of getting laid off, who usually sets up the call? How does the process go?

like

My best friend found out they’re getting laid off, and I’m not sure how to comfort them sans alcohol...they’ve kind of locked themselves away and my heart is breaking for them, I just want to help 😞

like

Anyone know the length of time between a harassment claim and getting fired before it's no longer considered retaliation? My agency is having layoffs. I'm not sure if I should find a lawyer.

like

Since graduating college 4.5 years ago I’ve worked at three marketing agencies averaging a year and two months at each. I took four months off earlier this year after a layoff to study data science. I’m now back in digital marketing on month six of my current job. How long should I stay at my current company? I’ve been told two years minimum which is unfortunate because if I leave in six months I’ll make a lot more money on the market.

like

Additional Posts

Anybody ever heard of the company “Flock Safety”? Thinking about applying.

like
like

About to interview for a technology strategy senior consultant role at Deloitte but I have never done a case before. Any tips? Anything to read up on? Will the case be technical in nature or more generic? Thank you!

like

Hi! did anyone here submit to the d5 internship and have trouble uploading a video for the elevator pitch part?

like

Best lines someone has used to end it with you due to your travel schedule. Go!

like

applied for passport renewal at SFO consulate. VFS guys said you filled in wrong and we are sending the application back, and to refile again correctly. Got email saying it has been dispatched. However, I haven’t received the passport back till now. It’s been 10 days. I have tried following up through multiple channels. No response till now. I need to travel to india next week. any suggestions on how I can get it resolved? Their customer care phone line is charging 2.5$/min and are of no help!

like

Is 33 a young age for MD at Big 4? Thoughts on age statistics for 1st year partner?

like

My peers are not getting as much work as me. I pride myself on being a hard worker and a team player, but it’s getting out of hand. I have been working 80+ billable hours the past month+

likefunny

About toxic work culture, will you know it when you see it? what if it was your first job: what would be a red flag for you that the culture was toxic?

like

Can anyone provide some numbers re: how much a forensic accounting SM1 can expect to make in Toronto at Big 4?

like

Anyone familiar with EY Austin audit practice? Culture, client base, busy season hours etc?EY

like

I got my first full time job back in March 2019. It’s my dream job in terms of work, team + industry. (I work for a travel agency doing their social). The only downside is the PTO. (Cont)

I have this problem that I picked up from my father growing up: can’t effectively communicate negative feelings to people that I’m close with. I sort of expect them to know, and when they don’t get it or don’t show efforts that I’m expecting to receive, I start to distance myself from them and shut down. I started to reflect back on why I do this, and sense that this is some kind of a sick way of showing I have more power over the other person. How can I fix this?

like

Is l&t Infotech (lti) allowing permanent remote work?

like

Hey everyone. Recently interviewed at a registered investment advisor, 10 person shop. What’s everyone’s views on hand written thank you notes vs emails post first round interview? Both people I met with gave me their business cards without me asking which I think is a good sign. Usually like doing emails vs hand written notes because you can get a response or further conversation vs possibly not hearing anything from a hand written note.

likehelpful

What is your school doing to protect teachers from covid? F2F all year with up to 25 students in a small classroom and teacher and student cases climbing in my building. I feel very vulnerable.

like

Can anyone with financial modeling experience help me set up a simple case study. I have most of down but have some questions

like

Hilton just sent an email saying they’re extending everyone’s status until March 2022. How likely will the rest of hotel & airline chains follow suit?

like

Any IT Architects (from BCG Platinion) out there? Have my first interview round coming up and have never had any „IT strategy“ cases before. Any tips?

like
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