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From what I know from my friends - no. But there are quite a few companies who are not doing layoffs (e.g. ZS), we are actually even receiving applications and interviewing people still.
From what I know, no, but some start dates for specific offices getting pushed
Any other Ekaterina K’s out there? Can you back me up here?
Rising Star
Firing by performance review only (the usual lever to reduce HC). Official layoffs are too much of a PR problem for MBB
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Yes I think I've seen it as well. I wouldn't be surprised if they have internal HC cut targets, and essentially hit it by just upping the performance bar
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Not here
Isn't it dishonest to CTL an unusually large # or % of people and blame them instead of the economy?
It’s all about optics
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McKinsey - no. But my AA is going to take a hit.
Rising Star
We get a performance bonus and then profit share. Profit share will take a hit because we are in investing a ton in covid relief, keeping all office staff (e.g. cooks, cleaners, janitors) paid, paying additional stipend to any employee with additional family care costs (e.g. nanny when daycare is shutdown, Uber for nanny if subway is unsafe, etc), paying additional stipend for WFH equipment, additional covid days if someone or their family gets sick with covid, extending search for those who leave, etc