Are the EY layoff news true?
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Are people being laid off?
So...layoffs at Deloitte. What have you heard???
layoffs on layoffs 🔥👊
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test on 1.1.5!
Ah now it did.
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The firm offered jobs to staff people - they expected to only hire 60% of the people. However, 70% of the people took the offer they did not expect that many folks to accept the offers. Mind you, some folks underperformed as Staff and those that were not going to make it to Senior were let go as well. No point in training lazy people....Assurance always over hire people. If you want to be safe jump into Advisory or Tax.
Soooo, kevin virostek crashed our meeting. I thought about asking him about the layoffs but didn't have the balls to 😬 but I talked to our civilian account partner and she send we are just not seeing the revenue that we forecasted. A lot of companies are pausing (especially with the new administration coming in) and waiting to see how things play out. For example, M&A has basically dried up for us. The economy is obviously temporary, but we just can't afford to keep that large of a bench, hence the layoffs. However, GPS is hiring and we anticipate that 4 out of 5 people we hire will be IT. So if you have an IT background and are located in the D.C. metro area or are interested in relocating, come to the dark side of federal! 😈 hope that explanation helps.
*these. Not Jews! 😶
I must live in a bubble. I never hear these rumours.
Show some compassion people. We can all be in layoff shoes at any moment in time.
This post has as much value as butt lint... fun to watch go down the drain, but that's about it.
Thanks for the clarification EY1. For a minute I was stunned speechless.
Can someone clarify these layoffs and what's happening ?
Seriously what are you hearing be specific.
Only benchers be worried.
I'll be seeing some PPEDs in my meeting this afternoon and will see if I can get more details. Hang tight!
Yes.
But just to clarify, what did you hear and from whom?
200 people from Chicago getting laid off sounds ridiculous
My partner told me that another round of layoffs are coming. This was back in Oct maybe? EY is very hush about Jews things. Gotta know PPEDs to get the scoop.
Grumble grumble op... rumor mill... grumble grumble
Long time benchers
Thanks EY1 - what a great summary!
So will there be more layoffs after mid year reviews?
yes OP
If you are deemed off track and/or have poor utilization, you are going to have a bad time