Coronavirus related layoffs coming soon? Thoughts?

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What is the concern if we can be just as efficient when working from home? Maybe this will change how people view working from home..

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Some of your clients will have financial distress and even go bankruptcy and they will less likely to engage professional firms with fancy works with considerable budget. All of our work proposals will be end up with price wars.

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Definitely a concern of mine. I think advisory services will be hit the hardest

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What service lines within advisory would you expect to be impacted? Also, what’s would be the rational behind layoffs? Feels short sighted to lay people off due to a seemingly temporary event...

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How long it would last depends on people - how serious and fast-react the people/governments are. China went through it with fast-built temporary hospitals and all-citizen quarantine. I’m not confident US can do either of those.

This recession cycle might stay couple of years. Should plan to be more be pro-active to avoid a target. Layoffs will happen, but not immediate. Most likely it will start after 3-4 months, when there will be very few new projects and non renewal of existing projects

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Also, how soon? Managers and SMs will be the first to go.

Because they are paid more but don’t really do as much work as seniors do. Their job is to sell but partners can do that too.

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Huge concern of mine as well

Which groups will be hit the hardest?

I don't see a layofff happening at KPMG-Oracle practice regardless of COVID-restricted travel. In fact, there's no talk of layoff at all - quite the opposite as KPMG is aggressively recruiting those with Oracle Cloud experience...but I digress into an unintended pitch...

What is concerning to me is FUTURE projects. Sure, many of us are actively engaged in project albiet the minimum 2 week remote sessions. How will the 2 week hiatus affect future projects? Will They still have the stomach for budgeting or will it be 'Let's postpone a year to see how things pan-out'

No one knows...

There is no plans for layoff currently but this COVID-19 is undoubtedly eating up global GDP. This will lead to company grappling for profits and subsequently putting projects on hold and laying off people to reduce costs. The domino effect will impact the advisory firms as they cannot afford people on bench and people will be told to leave.

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With so much uncertainty in the economy and waves of layoffs that have hit tech especially hard... do we think there's really such a thing as a recession-proof job anymore if you're not an "essential worker"?

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Hi I got a 4 rating this year, in 2 parameters and in one parameter 3. Any danger of a potential layoff. Am a business analyst as societe Generalle GSC Bangalore

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