BCG folks, I hear rumors of layoffs happening given the slow pipeline. Is it true?

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

Has to be very practice and region specific. As a company this isn't true. We just had our 2 best years

like

Bench and booking projections look fine in my NE office. Maybe not stellar (I didn't do detailed benchmark) but nothing alarming

like
Recent IconRecent

Accenture swallow up of BCG in 3...2....1

like

It is surprisingly slow at least in my office, but I'd imagine they can handle headcount (if it's even needed) through attrition, there's enough natural turnover

like

MBA

like

That is right, I misspoke... career transitions happening...

like

Strong pipe NYC

like

Pretty sure we don't do layoffs, just lack of promotion and less recruiting next year

like

@D3 - BCG pays partial, depends on what's negotiated.

like

Counseling outs are happening. Those who express any interest in leaving are not being put through the usual ringer, including some high performers. Secondments (which have tax advantages and take cost out short-term) are being ramped up. There are ways to deal with slowness without layoffs but you are correct that generally business does need to pick up soon.

like

Are we screwed?

like

I don't think so. We typically wouldn't respond very tactically if there was a blip in billability

In any case, the way this would pan out is that we'd be more prompt to counsel out the weaker performers (ie, yellow zone) after cdc when we already highly suspect it won't work out

like

Hiring in Deloitte S&O finance/M&A

like

Is the jig up??

like

Depends - when times were good, you could negotiate a better deal. Now expect to take a 1/3 salary hit depending on how much / what opportunity the secondment is and how much that particular org will kick in. Above all it preserves your optionality (and the firms on your talent) though, so that's certainly worth it if it's not all about money for you.

like

Bullshit

like

Can't speak for everyone, but bench isn't super deep around me and when I rolled off a couple weeks ago I had like 5 options of cases.

like

Great Lakes

like

Pretty sure it's LA

like

After 3 years of non-stop a normal Jan/feb and everybody freaks out. Pipeline is fine.

like

Related Posts

Does layoffs happen at McKinsey in India? McKinsey & Company

likefunny
like

Salaam Everyone. Anyone’s firm hiring during this time? Currently unemployed. Laid off recently. Hope to talk to people in this group. Thank you.

like

What are the companies that are doing mass layoffs, any inputs please.

like

Just accepted an offer after being laid off 4 weeks ago. This is such an amazing feeling after a low point in my career. We’re all gonna be alright yall!! 😬😬😬

likeuplifting

Found out that a peer was fired three weeks into the job because he used login credentials from previous employer to third party subscription to do market research. Previous employer hadn’t turned off his login credentials and don’t track because it’s a massive organization. Kinda harsh IMHO

likehelpful

Anyone have experience with half of a CW/AD team getting laid off?

like

Was laid off last yr, checked on USCIS and still doesn’t show petition revoked. My visa stamp is still valid. Can I enter US? Need to visit for a week but since consulates are not open I can’t get the b1/2 visa

likefunny

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?

like

It’s January. Better get ready for Leo B’s annual February layoffs.

likefunny

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

like

I’m a Junior accountant, recent MBA grad in Finance, located in NYC, just got laid off due to a merger. Anybody hiring or know any opening positions?

like

If you're on a PiP, is it better to quit just before the end stage, when you get fired, or better to get fired and collect unemployment, but also have a company-based termination on your record

like

I'm on L-1A...Employer files for an I-140 (in EB-1)...I get the I-140 approval....I get laid off.....I join a 2-year MS program (on F1) in US.....Post MS, an employer willing to file H1-B hires me.....New employer files for my I-140 (in EB-2).

At this point, does my new I-140 priority date remain intact from first approved I-140?

likeuplifting

My boss told me that my bonus will be deferred until all of this settles down. He’s trying to avoid lay offs as much as possible and is emphasizing the need for the attorneys to bill their hours.

smart

Is there anyone hiring for Information Technology, Analytical or Finance Roles? I was laid off in April no luck on any application as of yet. I am seeking a career change.

Gave notice last week and accepted a new job today. Was a super stressful decision and now I’m anxious about layoffs and am wishing I didn’t make such a huge move during this time. Ugh!!

like

Is there anyone hiring for Information Technology, Analytical or Finance Roles? I was laid off in April no luck on any application as of yet. I am seeking a career change.

I just fired our 2nd digital agency because they over promised and seriously under delivered. How do I find an agency that I can trust to do the work we’ve agreed to?

like

More Posts

Netsuite interview for Solutions Consultant Academy.

Has anyone on here interviewed for this position before? How did you prepare? If not, how do you prepare for pre sales interviews. I haven't been able find much insight online about this role.

My onboarding date changed from 20th to 24th? Is this happened to anyone?Infosys

Does your BAH (Basic Allowance for Housing) give you enough money to cover a mortgage, or just to rent a place?

like

How do you handle demotivation/almost depression from work that's simultaneously pointless and stressful while being stuck on it for another year+? Love my firm, rolling off is impossible it seems.

like
like

Leaving this here! Even if it inspires a single person, the purpose is served. I know a lot of us have either lost jobs or are looking for better opportunities. Hang in there. You got this. Keep that fire burning 🔥

Post Photo
like

Hello guys,

Which one is higher in accenture management level 10 or management level 11 in accenture?

like

Fellow students, what kind of jobs do you have now? I recently got promoted to project engineer and looking back on how much I worried about grades it all seems so silly now

likefunny

Cyber field saturated? I'm an analytics consultant who has worked at pwc and Deloitte but have always been interested in cyber too. Am thinking about trying to switch into the field but am worried.

Accenture gives 21% of ctc as variable pay in the offer letter. How much will we get/expect in hand out of this 21% generally ? Accenture Tata Consultancy Infosys IBM

like

Those who live in a higher floor/doorman building with no bug screen.. which product did you buy?
Also open to suggestions for the window cleaning supply.. my building doesn’t provide either

like

I am currently on a break for past 1.8 yrs, looking forward to go onsite.
Had a strong profile in good MNCs earlier.
If I start working in a service based firm in Pune either as Lead Java Developer or Scrum master (9 yoe) , which company has better chances to process onsite after a while.

Would be preferring for Canada, Australia, Newzealand, US or UK.

like

How much time do background check partners take in amex to complete the BGV process. And when will they send the laptop.
Also, which laptop they usually give to someone joining as Engineer l.

Thanks !!

like

There is demand of cyber security professionals in canada? Any recommendations on where to look for jobs with visa sponsorship?

like

Community managers, how has the pandemic changed the work you do?

like

Fishes

Anyone have leads on broker. Please DM

Location: Goregaon Or Malad

@jpmorgan

likefunny

Any pros/cons in taking a 3 year term appointment? I am curious if this would make me any more or less marketable when positioning for other federal positions down the line? TIA!

Who is on Lent this Easter season? :)

like

Any job opportunity for a business analyst in bangalore? Having 8 YOE, data analytics space, power BI, qlik experience, serving notice period.

No likes

like

If you’ve changed practice areas in the past, how did you do it? Considering a change.

like

Additional Posts in Consulting

This deck is a hot mess. Not the fun kind either. 😫

like

What does a first year PAS Manager at EY typically make? I have an offer and want to make sure I’m not being low-balled.

like

Anyone working out of STL?

Best Boozy Brunch in NYC?

like

When getting a tour of the client site is it appropriate to ask if they have a nap room?

funnyhelpful

Capability benchmarking: anyone done this kind of work before? How do you benchmark your clients capabilities against competitors for things that aren't purely financial?

like

Suggestions for a weekend getaway within the US as a present to my SO for her 30th birthday next month? We're going to Costa Rica in 2 months so I'd like to spend a reasonable amount. Based in Texas.

like

Tell me your title & level and I will tell you your bonus percentage.