Can someone explain these layoffs to me. If someone is billable on a project, they're bringing money into the firm. Why get rid of that revenue stream? Doesn't make sense to me.

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

We make the same amount of revenue whether or not we keep that person as long as we immediately backfill there role. The layoffs are about lowering our cost base as a firm. Obviously we're going to try to keep the best people when we cut. Therefore staffed low-peeformers get cut and immediately backfilled by someone on the beach.

like

Probably because there is someone on the bench who could do the role better. I guess the thought is that just because you're on a project, doesn't mean that you deserve to be there. Not sure though, seems odd to me as well

like

Is it because their salary is too high and thus lowering the firms profit margin on them?

like

@D3: let's make that typo a thing: peeformers the piss poor performers

like

.

The swap could also potentially increase our margins as well if we replace say a second-year BA with a first-year.

Because the firm needs the salaries to pay for the acquisitions it's making to grow the tech consulting practice.

Related Posts

Blockchain - is anyone actually working on a real Blockchain project or is it just concept selling at this time?

like

My remit quadrupled+ in a recent re-org with no increase in pay/promotion, my new director is new to the company and was zero help, and I was passed over for recent promotion during the comp cycle. The new director essentially began shutting me down any time I ask for clarity in my career progression. Now they have taken credit for the project I’ve been building over the past year+ without giving me props whatsoever to higher ups. What is the best plan of action here?

like
like

I am a Project manager having 11 years of IT experience and currently looking for non tech PM opportunities. Can any kind hearted person please help me to get referrals in FAANG?

like

Tired of this constant grind and constant layoff situation in NYC. Thinking of making the move to LA. Any thoughts? Yay or nay?

like

What matters more early in your career, agency name recognition or project experience?

I’m at a T2 with 2 YOE. Feels like you only have real client exposure here once you hit around 4-5 YOE (from undergrad). Is this true at MBB/other T2s?

like

Hi, is it normal to fill senior level post in a project with a staff level in GDS?

like

Blue shield of CA fired 375 people. Any other insurance companies having massive layoffs?

like

I want to make the switch to product development or management. I only have experience in a webte agency and would love to explore other roles and companies.

My interests lay with project and product management. Along with development

like

Looking for a solid, not overly complicated proofing platform that internal creative reviews and also client reviews can be executed in. ProoHQ is to robust for our current needs. Pastel is great for web but need it for pdf/brochures, print, digital banners/content, and video would be a plus. Any recos are greatly appreciated!

like

I am the president of our school board at Franklin Country School Corporation in Brookville, In. I would like to start a NASA Stem project starting in school year 2022-2023. Does anyone know where I need to start?

likehelpful

When you get stuck on a design or when you are starting a big project, what are your creative processes? Do you look at colors? inspiration? Pen and paper? Illustrate something? Want to work with my designer on a toolbox of steps to pick from to find what works best for their individual creative process? I know my creative process is look at inspiration, pen and paper, then start designing, but I don’t want to assume that’s theirs too.

like

Recently joined TCS and hate the project here. Impossible to get a release from the project. I'm okay to quit. How do I break this to my manager?

like

Which consulting firms are hiring for experienced Associate position? Have a friend who got laid off and looking for another job.

like

How is WLB in Tiger Analytics?
Do they allow project movement , If we don't like the kind of work we get in project?

like

Hi everyone. I'm pretty early in my career (just over 1 YOE) & not really enjoying my current role as a Consultant/Developer because of the type of projects I get combined with some mobility issues. However, I'm really interested in technical program management or project management and I'm looking for any advice on how to get there bc I've been applying, but can't even seem to get a call back.

(Also would really appreciate some likes on this post to get my 11 likes out of the way 😀)

like

Hello All,

I have 1year and 7 month of work ex at Deloitte Consulting USI. Have cleared SAP icertify examination of Deloitte and have worked into SAP project management.

Also have an handson experiemce with Microsoft prohects, Octane, HP ALM.

I am eagerly looking for a switch. Please help me with the same.

Thanks in Advance

likehelpful

Is there anyone who can offer advice on transitioning into the real estate/construction industry? My end goal is project management but based off of lack of experience, that isn’t possible CONTINUED..

like

Hi All, For B8 position having 8 years of experience in Project Manageme ,how much should someone quote and negotiate with the HR.

like

More Posts

What's is average salary for Application Engineer level 4 at Google ? Also how much time it takes after team matching for HC to evaluate and come back with an answer ? Google

like

🤬🤬These freaking mosquitoes are killing me. I hate that bug spray needs to be included as part of my going out routine.

Does anyone have suggestions for fragrance free options?

likefunny

VML Sr Art Director position assuming 7-10 years experience. What’s a fair salary expectation for the Midwest? Chicago/Kansas City area.

like

Does Lebanese diaspora really command more power in the MBB and T2 in the region? How can others navigate a career here?

like

Hi! I’m at my first bdr role in tech, the company is small and I think daily kpi are a bit hard. What do you think about 100 e-mails, 25 conversations on the phone (not calls, conversation), 30 connection on LinkedIn, 30 messages on LinkedIn? What are usually kpi in companies like salesforce for example?
Thanks

like

Need 11 likes to activate the DM features. TIA

likesmart

Had my review (it was good) and manager says that they’ve put me up for promotion/raise saying that there’s no guarantee / not sure if it will get approved — wondering what that means? 🤔 (I’ve been at the company ~2 yrs without any raise/bonuses)

like

Just got staffed on a project in London. Any major differences from American business fashion I should be aware of?

like

FT Manager requested for an additional PT subordinate. The workload keeps herself & her current FT subordinate working 50 hours a week. The GM denied, saying working 40-60 hrs is "expected". Thoughts?

like

From 180k full time to 200k and 10 percent sweat equity in a boutique consulting firm as their cto, to kickstart their AWS practice .. any thoughts. This new company does not have any product thinking or strategy and full lifecycle cloud delivery pedigree yet ..

like

Full disclosure, I didn’t read past the first sentence.

Post Photo
funnylike

Hi ,

I how many days do we receive mail/ communication regarding the interview after the first round (technical & management round) in TCS .

Can anyone help in this??

like

Is optum calling employees back to office? Junior level in gurgaon

like

I’m thinking of applying for a sales role at Salesforce, but there are so many roles that meet my experience. I don’t want to apply for a bunch of positions, and no one is replying to me for a conversation on LinkedIn. Would anyone here be willing to give me some advice/guidance?

like

Best books you read this year that aren’t about sales, marketing or prospecting?

like

Rising 2nd year here: been rethinking my choice as an M&A attorney. I've had a rough go of it over the first year-and-a-half of practice and am thinking about moving to a different practice area. I'd like to stay on the transactional side, but am not quite sure what areas I can leverage my corporate and M&A skills in. I was thinking T&E (i.e. business succession planning, etc.)

Would greatly appreciate input from others.

like

Anyone have tips on writing a cover letter without referring to anything in the resume?

like

Can we discuss the sad state of affairs that is the Publicis maternity/paternity leave?

like
like

I'm a little worried about microplastics in my food. Is this just hysteria?

like

Additional Posts in Consulting

Put in my two weeks notice at Accenture... haven't received any communication back from HR and my last day is tomorrow. No exit interview or laptop return scheduled. What's the typical process?

like

Any single moms (by choice or by circumstance) on FB? A friend from my old firm is thinking of going it alone, any stories from the consulting trenches? She's in a local model, boss is supportive.

like

Any tips or recommendations on things to do in Providence? Will be there next weekend

like

Books to learn more about how to drive sales in consulting? Any recommendations?

likehelpful

In AMS solo for the night. Any suggestions for dinner / bar, especially for a part of one..? TIA !

like

Notice there are so many people with debate experience in consulting. Kinda impressed. Any highly recommended books related to debate or communication in general?

like

Season finale of billions... 💸 #teamaxe

like

Amazon PrimeNow has taken my laziness to new levels

like

To the employees who take the "2 bag rule" too seriously: my wallet cross body is not going to take up anyone's over head space. Men have pockets, I need somewhere to put my phone.

like

Wtf is up with this smog in Seattle?!? Its like the cities sky turned into LAs 😱

like

First day on the bench in over 5 years... loving it. 😎

like

Traveling for work and having an infant at home is tough. You miss many milestones. But as I sit here in my living room and watch my daughter crawl for the first time, I cant help but think I've won

like

Book recommendations for a vacation?

like

Best GMAT prep??

like

For those of you with ADHD, how do you stay productive and focused when your team all sits crowded around a table and there's constant talking and calls on speakerphone? (Aside from headphones)

like

Actual snake fell out of an overhead compartment on flight to Mexico City. Samuel L. Jackson was not onboard. Article link in comments.

like

Anybody else spend so much time on the road you're confused where exactly home is? Yet despite wanting a home life and local project you definitely don't want to loose that alt travel freedom.

like

How do you keep workout routine and healthy eating on the road? Feel rushed in the morning and too exhausted when I get back to hotel around 7-7:30.

like

Flown a lot this year. Lots in first. 2017 goal: Private...

like

Tech consulting first year associate !! How much is the bonus??

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