Are the layoffs normal or expanded from usual? This set of quotes from Julie Sweet feels pretty misleading if the latter. Just 2 weeks ago!
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TBWA NY layoffs today.
Any word on layoffs at JPM?
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Chief
nOt laYoFfS nOrmAl ManagE oUtS
- every MD in the accenture bowl drinking and selling the koolaid
With 3.5% unemployment, jobs being added to the economy every month, and professional services being one of the largest growth areas in the past few months, then any talk of layoffs is anecdotal
Need a Reddit-style remind me bot for this comment
Echoes of 2020
Rising Star
Consulting firms will always say that fired employees were fired based on "performance"... which is easy to say, when your "performance" is strictly the number of hours you bill. The reality is that Accenture and every consulting firm in the world will go through cycles of hiring and firing strictly based on demand within the practice.
There’s nothing sweet about her or Accenture. The company doesn’t take care of employees
The market is cyclical. In a good market, companies only proactively manage out D & F performers.
Right now, the news cycle offers a good excuse to cut and drive efficiencies in an organization. You’ll see people who are C players, but not terrible, get cut to make room for better performers to come in over time.
The best companies cut and reinvest in times like these to trade up.
If you start seeing A & B players moved out, time to panic. That means there are real business risks and/or macro-economic decline.
Cut under the guise of a layoff in my experience.
The layoff happening is the typical annual laying off of the bottom 5% of performers.