Banks are having layoffs. Is consulting next?

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Dear god. One thing that was much better during 2008-2009 - there was not this incessant need to ask random people online, if they are going to get laid off soon.

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'Back in my day we used to worry about this in the corridors, not on the interweb' - Person on the interweb

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Banks have already gone through a round of layoffs to adjust for the drop in loan originations

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Maybe ACN. The rest of us don’t have shareholders to appease every quarter

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This is one of the reasons to stay away from a publicly traded. They have shareholders to answer to!

Yeah i honestly don’t expect layoffs here. We’ve been hiring so first step would be to slow that down and let attrition do the rebalance. Honestly happy to be where I’m at, feels like a safe zone amidst all the market turmoil

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Haven't heard a squeak about any layoff

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Hypothetical question: if a consulting firm needs to layoff some of its staff, would it bring in a firm from the outside - likely handing over all sorts of sensitive internal data, or does it use internal restructuring teams? I'd imagine it's the latter, but doesn't that lead to all sorts of ethics/HR landmines, or is there a process for doing so?

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They do it via stricter up/out or performance evaluation cycles. The consultants are relatively interchangeable compared to people in industry, so there's less need to be very specific and careful.

I have not heard of any bank having mass across the board layoffs.

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F500 banks are blowing away their earnings predictions which has caused the bank sector stock market rally over the past month

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Consulting is the second largest driver of job growth in last month’s jobs report. We are no where close to layoffs

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Which bank?

CS, MS, Barclays, and some boutiques

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Tbh not seeing any signals that consulting is going to do layoffs especially in life sciences. Pharma companies have staggered development of new drugs and subsequently will have to launch. That money has already been allocated so I’m not worried. My team just hired 3 new people, as well. If you consult to industries that are affected then, maybe, but that is determined on a case by case basis.

No layoffs at Bain, at least. That’s not our business model

big banks gnerally layoff back and middle office people first. If you see mass layoffs to front office folk, then you should be worried

No layoffs at McKinsey, but some regions are definitely seeing less business coming our way

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Laid off after Thanksgiving. 54. Not done yet. Plenty to offer. In Detroit but ready and able to move anywhere. AD/CD. Hangin in there. How bout you?

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Entering my 15th week unstaffed for the year. Does Deloitte do layoffs for low utilization? Mine is around 60%

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We’re in such a vicious business. You give your heart & soul to an agency, a client, a brand. Then the wind changes & you’re laid off, reassigned, chewed up, spit out, on to the next. I’m tired.

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Have an offer to start at Deloitte in July in Org Transformation consulting. If it doesn’t get pushed out because of the virus, is it a good time to switch firms in July? Concerned that layoffs may be imminent if I am so new to the firm. I will be coming in at the Consultant level if that matters.

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Anyone else using their layoff as an excuse to finally pursue a new career?

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Have layoffs been finished for the year or are more coming?

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I work on a consulting team at a large software company. I’m a job hopper, around 2 years each at my first and second jobs and a little over a year at this job. I recently found out they’re shutting my team down. We’re not fired, but they’re transferring us to the core implementation team, which has a horrible reputation for malignancy, overworking, and isn’t at all what I was hired to do. How hard is it going to be to for me to find a new job? Should I just stay and try things out? What next?

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Hey Guys. Regarding the forced layoffs in PS. It’s high time we unite and hit them back. I’ll request all people who’ll receive the video connect email from PS to do one important thing. Use a a pen camera or a hidden camera(small) in your pocket before attending the call and record the call and events. These peoples should not be spared. Try to get some evidence and let’s expose to public media and other legal teams. You can do this anonymously thereby saving others from this crap.

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Are BAs comparatively safer than Dev’s when it comes to layoffs?

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It’s hard to be motivated when rounds of layoffs happen and you see all your friends leave. But one thing that’s gotten me through all of this is working out. And when I say workout I mean the most pathetic, sad, barely completed beginner-level cardio dance routines. I’ve somehow forced myself to move while on lockdown and it’s somehow forced me to feel better. Whatever you’re doing, wherever you are: get up and move even if you don’t finish or end up going on a walk. Pls take care of yourself❤️

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Am I more or less likely to be laid off if the economy tanks even more if I just started as an analyst two months ago

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I was laid off from Deloitte in the 18th. I have an interview with Amazon for a Senior Program Managers Non Technical position with Amazon hiring manager on Monday. Any advice would be much appreciated. I would love to get into Amazon. I hear their interview process is brutal.

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Hello all, I have received an offer from tiger Analytics for Data Scientist role. Kindly suggest if I should join the company in the recent events of layoffs and recession?

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