Are the layoffs sign of a looming economic slowdown?

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No, Donald, you’re the issue here

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Not sure what you mean by “the layoffs”. Firm related or generally? Everyone knows that there is currently a high risk for an economic downturn. Lay-offs are possibly a proactive measure in case it happens, but more important an indication that business development was not in line with expectations/targets. Can be applied to broader economy or your firm specifically, I suppose. No service firm lays off people simply as a preventive measure. It rather indicates poor performance or a necessary transformation (new profiles or redundancy due to automation/efficiency gains)

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Related Posts

I was recently laid off and need to talk to an attorney about my rights and severance. Does anyone know of a good attorney in the area? Thanks in advance for any help.

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Would sneezing on a Partner by accident get you fired? Asking for a friend.

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The apple update is such a public screwup. Somewhere a junior developer just got fired for it

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So far in 2018 have you seen more jobs or more layoffs?

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Deloitte HR: if someone is hired in during the freeze (got special approval), is there any chance they would be laid off soon thereafter? Also, what is the % of Deloitte folks getting laid off this?

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If you are fired at the end of a performance plan does PwC give you severance?

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It has been slow year. I started to hear there are layoffs going on in my group. I was wondering if there are signs your next? Also do you get an email to tell you are selected or something?

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What are some signs that you’re going to be laid off soon?

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Question with regards to layoff talks. Are those who are being let go on the bench or being released while on projects? I haven't heard of many ACN layoffs in the former situation...

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are layoffs happening in Deloitte only or other big4 has same trend

I don't understand the concept of receiving a 4 on Year End (and getting laid off). There is no set percentage to give people 4's and 5's right? How does one mess up that badly?

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Asking the masses for your take for a family member: If you are presented a severance package, are they negotiable? Have you had success in submitting redlines or getting more $$? How many weeks p

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How is the business going for all you consultants? Are your companies getting new projects? Any layoffs ?

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I was laid off for the first time last wk and I feel completely empty. Does anyone have any advice? I've been talking with recruiters, trying to find connections, but it all feels hollow and hopeless.

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Can someone explain the difference between being counseled out and being fired? With an emphasis on why counsel someone out but not fire them, and vice versa.

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Layoffs are coming

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Those that have been laid off recently are you speaking to an employment lawyer at all? What are the reasons to / not to?

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Is PwC still continuing with layoffs?

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The lions are about to hire the D coordinator from the Patriots who just lost to the D coordinator of the Eagles who the lions fired a few years ago 🤦🏼‍♀️🤦🏼‍♀️🤦🏼‍♀️ I will never see lions SB 🙁

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Additional Posts

If i postpone joining at cts by 4-5 days will i get joing bonus?

If you're billing the same rate, you should get the same salary bands regardless of geography.

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Anyone here had a stomach parasite recently? What were the symptoms and how did you treat it? I think I might have picked one up later week in Nicaragua at client site.

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Work from home Friday ... Also known as keep on moving the mouse so the lync status remains in "Available"

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What made you guys choose IB over consulting at an MBB/T2 out of undergrad? Just started doing M&A strategy and now am contemplating which path to pursue

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Just had breakfast at TFG DFW and can't help but appreciate the meals at EY learning week from last week in Chicago.

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I have over $1k in United vouchers that will expire at the end of the year. Platinum Elite. Worth calling to see if I can get expirations extended? Gonna be hard to travel at all this year..

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What are the most lucrative exit opps for a generalist/strategy consultant at big 4 public sector consulting with security clearance? I’ve heard positive things about Google and Amazon/AWS and about some of the big defense firms (Lockheed). Is it actually possible to boost comp by 50% or so on exit from big 4 in this space?

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I’m on an engagement with another associate. I’m fully booked (upwards of 60 hours a week every week of July), while the other associate hasn’t had billable hours for the last 3 months... engagement team has some changes they need to get pushed through to the wps, and I’m the better choice to push those updates (have more experience in wps and just better in general). But the other associate has availability and just gets paid to do nothing. Should I bring that up to someone? How and to whom?

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Fuqua or Ross for NYC MBB offices

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Women consultants: how do you deal with heavy good ole boys- type client sites? Specifically not allowing yourself to be disrespected and sticking up for yourself and your expertise or developing credibility in general in these settings? Would also appreciate advice from guys. Two months into a tech engagement. Very few women around me and the guys around me typically tend to either infantilize women if they can or believe competent women to be “b****es”?Role itself is pretty interesting.

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Analysts: what's the most common lie/excuse you hear from associates? Associates: what's the most common lie/excuse you hear from analysts?

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Are there any agencies worth checking out in Vancouver?

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Switching over to Deloitte. What’s the cell phone purchase/reimbursement policy? Is there a steep discount if you buy it through Deloittes portal?

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Anyone from the Deloitte KC office? I’m curious if there is an ITS practice there and if so do you know anything about the size, culture, etc.?

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Best SPG property in NYC?

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You’re given a brief for an OOO campaign. Could be cool. How many days are you given before you have to show concepts to the ECD? And to the client? Curious about time expectations at different places.

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Just sent a kiss message to my project lead by mistake.. ready to die now 😃

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Hi Fishes! I’m a newly promoted S1 in tax at a Top 10. I’m trying to join the Big 4 post 10/15 (preferably KPMG) Does anyone have any tips or suggestions to make it in? I had an interview with EY two weeks ago (before I was officially a senior), but never heard back, probably because they were looking for a senior lol. 😭 Thank you everyone!!!

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