{ "media_type": "text", "post_content": "Assuming this causes a recession like in 2008, and many people get laid off, how long to take to find another similar paying job? I’m currently a strat manager in FS. Scared for job.", "post_id": "5e6ae5a707922400234864f8", "reply_count": 15, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Assuming this causes a recession like in 2008, and many people get laid off, how long to take to find another similar paying job? I’m currently a strat manager in FS. Scared for job.

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

Will less people be complaining about salaries now?

like

*fewer

6-9 months

like

If it was easy to find another job for similar pay, it wouldn’t be called a recession...

like

Not asking if it was easy. Just asking how long did people take during tough times just in case things go south for me.

I think it really depends on whether the corona virus is contained. As long as it peaks in a few months and corporate/investor confidence stays at certain positive levels, business will pick up. However, if the virus continues to expand and people become continuously sick, that will certainly prolong the economic pain.

It is critical to stay indoors/away from crowds and do what you can to prevent the spread...also try to remain utilized, as well. But preventing widespread infection and mass cases is the biggest factor.

like

A2, sadly no, and that’s what truly concerns me.

So, for people at Accenture, I’m a new grad who signed with Accenture Strategy and am supposed to start in the fall. What are my chances of getting canned before I get in the door?

like

I'd think virtually zero. Rescinding offers not a good look and things will be very different by the fall.

like

Better than being a Strat manager in SF, I’ll tell you that 😬

like

We did not fire anyone in 2008, hope it will the same this year.

Related Posts

Are there any layoffs at your workplace due to the impact COVID-19?

like

Do you center family planning around where you’re at in your career? A few years ago I told myself the appropriate time to start a family would be when I made 6 figures. I’ve hit that milestone and still cannot envision children for myself. Seems like there’s no such thing as stability and layoffs are rampant this year. Maybe it’s just the world we live in now but children sound like a terrible financial decision and an added stressor if anything could go wrong with my job or cost of living.

Left my consulting job after 2.25 years in October 2019 for a venture backed startup. Laid off in March 2020. Joined a VC fund as an intern shorty after, but our fundraise (for our fund) got pushed back.

I was approached about helping grow a small executive recruitment firm focused on private technology companies. I’ll be chief of staff. The company takes $150k/placement + equity. The co expects to hit $1m in rev this year. They also invest in startups.

Should I do it? Is this pigeonholing?

like

For all fired this year, do you put on your background check (for a job offer) that you were discharged? Heard EY doesnt share if you were fired or resigned, so am wondering what others are putting...

like

Is it worth joining Wipro in the current situation ?
It is giving 60% hike and a senior position as well.
Heard about layoffs at Wipro. Wanted to know from the point of job security.

like

Any corporate juniors worrying about being laid off?

like

Can someone please tell how project allocation done for lateral hires in Accenture for Microsoft Azure PaaS? they said this is not project specific interview, you'll in pool after joining and assigned project based on joining time. I heard Accenture has zero bench policy for laterals and famous for layoff. Should I be worried? Please explain.

like

Anyone hear rumors of post CRT layoffs at a PwC .

I was due for a promotion but then covid hit, and during the peak of layoffs/furloughs, I was given the run-around that we have agency wide promotion freezes, etc. Over the past month, a handful of people have been promoted. I know everyone's situation is different but I can't help feeling snubbed. How do I know whether they are genuinely trying to promote me and can't, versus them stringing me along for as long as possible? I dont want it to come to having to bring another offer to the table..

like

How brutal has Accenture been during covid? I have an offer from the firm, but worried about all the layoffs I've been hearing about.

like

Can you get fired from EY government practice for losing a security clearance?

like

Any consulting firms hiring at the analyst level right now? Profile is a business technology analyst, semi target school, < 1 year of experience. Experience primarily with technology transformations, excited about the work and want to stay in the tech consulting space. Unfortunately impacted by COVID related layoffs.....

like

Hi,

What is the reason behind layoffs in EPAM?

Are they not having enough projects?
Employees not able to crack project interviews?
Inflation in western countries?

like
like

@MBB, y’all think layoffs hit your firms? Or will it be an increase in CTL? Maybe a hybrid of both?

like

Was aiming to become a partner. However the layoffs are making me rethink. Would I regret sacrificing my personal life when promotions are no longer based on performance. Thoughts?

like

Anyone hear of any layoffs in the Big Four recently? Especially PwC or EY?

like

Can we do a Coronavirus company update thread? Post here if you or your company has changed compensation, laid off ppl, etc

like

How is severance pay calculated? Does it also include gsu’s that are vesting that year or anything else?

like

I’m sorry if this sounds insensitive but does it look bad if one of my recommenders is laid off? I was about to ask for a rec but haven’t yet

like

Additional Posts in Consulting

like

Can I buy a table and a chair under hybrid productivity allowance? Is hybrid productivity allowance still there?

I just want to watch dirty dancing until my eyeballs fall out..

like

Best gifts/swag for reps at national sales meeting?

I pavlovian trained myself to have to 💩 while on calls

likefunny

Tired: Super Bowl Ads

Wired: Targeted Insta Ads DURING the Super Bowl.

Miller Lite is going after Bud Light p hard!

Post Photo
like

I need to update my resume and graphic design portfolio. Any suggestions on how I should present? I was thinking a canva website /presentation.

like

Where I can see doj with TCS in ibegin portal, while accepting the offer I have selected doj. After accepting offer. Iam not able to see my doj in ibegin portal, will it take time after accepting offer, if so how many days and where I can check it?

like

Has anyone been a reinsurance buyer? What was the day-to-day like? Hows the WLB?

like

Hello! Is there anyone from the Atlassian marketing team willing to give me a referral?

PS. I don’t have DM capabilities yet so you’ll have to initiate the conversation.

like
like

Do the classrooms in your school have air conditioning?

like

I’m a techno/functional manager that manages technical AI projects. Want to continue to improve. What are the best / worst qualities of functional managers that you’ve experienced?

like

For the Canadian folks in this bowl, there is a 30% garmin discount code if you link Petro-Canada to Optimity app.

Post Photo
like

Have an upcoming interview with BCG Platinion (PIPE practice) at C/SC level. Any one willing to help / give insights into what to expect during the case interviews?

like

Job application got leaked to boss so I got an ultimatum: I stay with a fixed term contract or I leave with a 4-month notice. I see no benefit to this contract & find the notice unreasonable.

I appreciate going from uni dropout to Senior Account Manager in 5 years even though I work unpaid overtimes under immense pressure. I explained I was just curious, didn't want to leave & even with a dream offer I would give them at least a month's notice but they wouldn't have it. What should I do?

like

Deloitte fish, when do promotions get communicated within Consulting?

like

Can we negotiate TCS with counter offer.

like

Hey everyone. Hoping to get a sense of recovery post egg freezing. I had my procedure last Wednesday and still have significant cramping and some pain while walking, 5 days after the retrieval. What was your experience? Does this check out? Basically have Tylenol and a heating pad for some comfort.

like

Just going to leave this here

Post Photo
likefunny

Additional Posts (overall)

For those in more “elite” big four groups (S&, Parthenon, etc.) - how do you feel about big four culture? Was it a preference over MBB when recruiting?

likehelpfulfunny

What exactly is incentive compensation and how much could I expect to make per year from this as an entry level associate?

like

Colleague of mine has a nasty habit of cutting lines, how do i tell her

like

PwCers - new to firm, I need to travel tomorrow and my Amex hasn't come through. Can I book on my personal credit card and claim back the expense?

like

Just put in my two weeks!! Wooo hooo what’s everyone’s experiences like ? Pretty lax or insane?

like

How did Deloitte handle the 2008 recession? Were there massive layoffs? What about consultancies in general?

like

Just curious what is (if any) the severance pay in case you get laid off from your firm due to a market slowdown.

like

Bonus values are out. Today is a good day.

BCG OP, out

like

Hey all, new hire here! Going to receive a $250 wfh credit; any recs on what I should get to build out my home office?

like

MD of my practice took me out to lunch and we started talking about climate change and he said he wasn't sold on climate change yet because the "jury was still out". 😡Should I roll off or resign?

like

"Is this about the Skype incident?" ..... there's scandal in this reply all mess!

like

Alvarez & Marsal Corporate Performance Improvement group or Accenture CDP? Which one is “better” in terms of reputation, exit ops, MBA apps, and diversity of projects

like

Just turned 31 in January and just made lifetime platinum on Marriott... I should feel happy but it feels kind of sad!

like

Left my consulting job after 2.25 years in October 2019 for a venture backed startup. Laid off in March 2020. Joined a VC fund as an intern shorty after, but our fundraise (for our fund) got pushed back.

I was approached about helping grow a small executive recruitment firm focused on private technology companies. I’ll be chief of staff. The company takes $150k/placement + equity. The co expects to hit $1m in rev this year. They also invest in startups.

Should I do it? Is this pigeonholing?

like

A reason why MBB is better than FAANG?

likeuplifting

Is it unprofessional to bring a pencil to an interview instead of a pen?

like

How are the Case Interviews in the assessment centre for a summer internship/grad role for Accenture UK (consulting role)? Is it similar to the strategy cases for MBB? McKinsey & Company Bain & Company EY Deloitte

like