Are we going to see layoffs because of Coronavirus?

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

Hiring freeze yes, but layoffs would seem short sighted right now. Costs a lot of money to fire then rehire and train people

like

Covid-19 is just a trigger (think grain of sand, avalanche) of a levered ponzi financing system. Once the cash flow is curtailed, the CEOs will be unable to cheaply borrow to find the stock buybacks. Stock will crater and cue will switch to cost cutting.. prepare as soon as you can.

like

Month or two shit will really hit the fan

If we do it’ll be in ifs

Related Posts

Had a scratchy throat yesterday that has since gone, low grade fever all day today (99-99.9). Have felt off and spacey today, and had a headache which went away after taking Advil. Have an appt to get covid testing tomorrow. Test is thru my doc office and they said they’d have results within 24 hrs. Even so, I currently have severe anxiety about all of it. Anyone have advice for how to cope until I know exactly what’s going on with me? I feel like this stress isn’t good for my immune system.

like

Is anyone expecting agency layoffs at the moment?

like

Has anyone here ever been fired for being rude to a customer?

like

Just got offered to join potential project that would relocate me to LA for 3-4 months for onsite work. Their office is downtown, I’m single, 29 have the flexibility in lifestyle for this kind of move. Is it worth coming to LA rn? There are obvious Covid risks, but anything else I should consider when looking at this move? Thank you

like

Ok, I’m gonna say this. Schools should open. Now hear me out. My wife is a family doctor, she is working insane hours, she is treating covid patients, and there is a lot of days when she has to stay at the hospital without coming home. My neighbour works in a local grocery store, so he has been at work since the Day 1 of lockdown. So if you need medical help, or want to eat, it’s ok for those people to be at work, but their kids have to stay home? Cont’d >>

like

Recently received notice from landlord rent is going up ~20%. For reference, it is privately owned condo and did not sign at a COVID discounted rate. Super frustrated. What are others seeing for rent increases?

like

Hi Sharks,

I got an offer from FTD for permanent work from home. But i am not sure about the company.. Also the market conditions are bad too.. There are many layoffs from various companies.. Looking for suggestions..

like

Looking for jobs in media! I was a casualty of covid-19 and have been looking for jobs over the past 8 months. Is anyone’s company hiring?

like

Does anyone have any advice on how to convince yourself life is worth it when you think it’s not. I’m a 28 year guy, just got laid off from my job, have aspergers, have no friends, can’t find a gf, why do I even try anymore at anything

like

Layoff in IQVIA?
@iqvia

like

How often do you think you will be traveling in 2022 with COVID mostly behind us? In the final interview/negotiation stages with an agency focused on pharmaceutical marketing as an Account Manager. Offer states up to 30% travel (but was told 20% is more realistic). No further info given such as location of accounts I'd be working on or a baseline other AMs travel. Feels like a red flag. Not interested in much travel. Quarterly is manageable. Any insights from others in similar roles??

like

Is it concerning if a recruiter is dancing around giving you an offer? or is it just busy bc of Q4, coordinating teams, start dates, and covid?

like

The week of my wedding, my husband (PL SQL Developer 4 yoe) was laid off. That was a couple of weeks ago. Luckily I'm still bringing money in as a software engineer, but I'm looking for advice on how to support a partner who has been laid off. Ultimately I think we will be ok, but I know he's hurting / stressed / and could use a supportive partner.

likehelpful

It’s so nice that every agency laying off people, have those left standing (and other agencies) trying to hustle jobs for their unemployed friends, but there are also a ton of people who were unemployed prior to Covid...so no severance, job hunting lot longer, and not earning income for longer time...hurting even MORE due to quarantine.

likesmarthelpful

What if Elon Musk replaces Rajesh Gopinathan as the CEO of TCS?
All the useless managers will be fired?

funny

First human to cow transmission of the coronavirus. And the bull is dead.

funnylikesmart

I got offer from IBM in my home location itself, with 18.5LPA fixed for 9 yea in automation testing. Here my manger is confusing me like layoff will after u join in IBM.. but I am in cts as 11.2 only .. but now I got SA promotion with 10 % hike .. and also no retnation for me also not there whether I can choose IBM or stay here .. kindly help guys .

like

I’m scared COVID is just beginning and we’ll see climate change lockdowns and huge restrictions in the next years.

Like travel will probably be restricted for “essential reasons only”. We won’t be able to buy meat as often, etc.

I’m also scared that the QR vaccine passports for entertainment (like in Europe, Canada and NYC) will never disappear and that we’ll keep have to keep using them for our booster shots and maybe climate reasons.
(I’m fully vaxx-for now, untl they require more doses)

like

NDAs - signed my first one as a part of a severance agreement. thinking about leaving an honest review for this company, but unsure about the liabilities that come with this. (NDA mentioned no defamation) leaning on the side of letting it go, but this employer sucked BAD and i want others to know. ik its hard to give a straight answer bc it depends on the agreement, but wheres the line between bad mouthing vs your honest experience?

like

More Posts

How much does a biomedical bench tech make in Toronto area?

like

People on bench , how are you spending your day/time? Please share some stuff so that it can help/motivate others like me.

like

Any edutech test for the folks on bench in LTI? Any idea on what is that all about?
#new joiner#experienced#bench#ltimindree

like

Hi everybody! I was approached by a Tech Sourcer from Google for an SE position, and scheduled a call for next week. Any head’s up on what to expect? Super excited and don’t want to mess it up.

like

Anyone feel as if it’s hard to stay with a company when you’re the only one of color? (&young) I’ve work for 3 companies in past 5 years and have yet to make meaningful colleague relationships. I just do not relate to the conversation and just find it hard to picture myself being a long-term employee. I’ve had better relationships when working at wal-mart when I was in college. I feel it takes away some of the joy of having to go to work.

like

What can a junior associate do about a mid-level that constantly asks questions about things they were cc’d on, sends dozens of piecemeal emails and is generally just super high strung and needs everything right away?? No other mid-levels I’ve worked with act this way and this individual I’m working with is driving me insane and I’ve spent countless hours attaching emails and saying “as explained in the attached email…”

like

Question: an employee was asked by his boss for same day turn around on responses/deliverables on a days he requested PTO. He completed the work. The manager wants to know if she can still deduct PTO time for the days requested, even though he completed work on those days. Help.

Hi Fishes,
Please help to decide which company to join

Optum (Noida) - 10.5 fixed+ 1.5 var + 2 JB
Seimens (bangalore) - 13.5 fixed + 1 JB

Yoe 2.5
Tech .net fs

like

Hi guys in Accenture, myCompetency, for Primary Skill assessment is there any proctor checking or it's just an assessment without any proctor or supervision?

like

Is salary credited for KGS today or will it be tomorw

like

Is there any pharmacovigilance role open in KPMG ?

Anybody here an Account Manager at AON?

How do you like it?

What company runs the background check?

like

Hi All,

Anyone who got retained recently in LTI, please let me know, need some help.

Is principal consultant equivalent to senior manager in pwc? @pwc

like

Hello fishes can anyone please suggest me. What need to upload here. As employee application form can not download.

Post Photo

Hi all,

What type of questions can I expect for SQL and BI Data Analytics profile?
Please help.

Additional Posts in Consulting

SM asked us to shifted client billing hours to non-chargeable code... Will significantly impact utilization... Sucks

like

Where should I go for dinner?

likefunny

Any book recommendations for philosophy, psychology, and business? Or any book you read last year changed your values? Going to fly international, gonna read it on flight. 😍

like

Has anyone used gliders that stick on tyres of office chair, for better movement over the carpet?

like

AA delayed a flight 7 hours on Saturday before cancelling it and giving us no help, monetary or otherwise, in finding lodging. Rebooked Sunday for a very early flight, got home 24 hours late.

like

What sort of tax deductions do you take related to our consulting profession. I’ve heard dry cleaning can be deducted?

likehelpful

A quick note about what I’ve experienced, in my decade long career, is the real advantage of MBB or FAANG - it gives you a shot at stretch roles that are outside your expertise. Not all the time or even most of the time compared to better candidates with specific experience for the role but gives you this wildcard shot at a vast array of opportunities.

like

Do any strategy arms of Big 4 or MBB do pre-MBA internships?

like

Looking to improve general communication skills (especially around structuring narrative/ key messages), any books/courses that you would recommend?

like

Beside toastmasters, what are other ways to improve communication and public speaking skills? Books, podcasts...?

like

"You can't get rich working for someone else" the truth of this statement has started to sink in over my first two years on the job (and out of school). What's stopping many of you young folks without

like

Has anyone actually received their reimbursement for filing taxes in multiple states? I got told that it would process with payroll last Friday but I don’t see it in my bank.

like

What is a strategy consulting Vs advisory?

like

Advice or Book recommendations on how not to get bothered by others/ friends/ peers? What they think or what they do!
Been struggling lately

like

Deloitte guys - Serious question.
How is Analytics & Cognitive doing at D? I have an offer and I am not sure if there will be layoffs again. I am on work visa so will be difficult.
Role will be for Google Cloud & Analytics. Current job doesn't suck much though.

like

Best consulting firms to work for that will allow 100% remote work indefinitely regardless of what clients do?

like

Dumb question - if we were to donate money to support Ukrainian military, how would it help them? Like who would buy weapons and how to give it to them while there’s a war going on. I would guess to bring things to western border and they would come grab but that seems risky still

likefunny

Starting to get more involved in the project sales process - any recommendations for books or resources to develop skills in this area?

like

When people talking about high school students marrying their teachers, I usually picture Phoebe Buffay's brother.

like

If you’re an Accenture re-hire, do you start to get the employer 401k match immediately?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal