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

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

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

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

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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

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MBA

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

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Strong pipe NYC

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

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

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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.

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Are we screwed?

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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

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Hiring in Deloitte S&O finance/M&A

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Is the jig up??

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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.

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Bullshit

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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.

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Great Lakes

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Pretty sure it's LA

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

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Just heard EY is about to make more layoffs in audit too

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Know this may be a long shot in terms of actual responses but:
@PPMDs, what are your thoughts on the current/impending COVID specific layoffs at your firm?

E.G. Glad for the opportunity to reduce the headcount of mid performing SMs with little/no chance of making PPMD? Sad to see a firm you’re a part of undergo such unforeseen circumstances?

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Is there mass layoffs happening in the industry right now? Is the rumour true? Are we back in a recession?

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URGENT: Can anyone refer me for an entry-level software engineer/ Trainee Software engineer role (Java preferred)? I need a job on an urgent basis as my current organization has asked me to put down my papers due to changed business requirements (read layoffs) and has given me 30 days to find a new job. And I would really appreciate you guys if you can provide me with any help in this situation.

#layoffs

Thanks in advance

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Did BCW NY just layoff it’s EA staff?! Seeing a bunch of these names on Connect and very upset that great people were let go!

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