Deloitte Advisory:
Layoffs beginning early June. Voluntary reduced workloads. 5% across the firm. Advisory & Consulting will have more than Audit and Tax.

Projecting 16% Advisory revenue decrease in FY21, expect “severe and prolonged” impact lingering through FY22.

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

What does voluntary workload reduction even mean in consulting? Like, are you guys going to tell your clients you are only working 4-day weeks?

This business is built upon the concept of quietly ghosting hours. What does 80% mean when you routinely work 50+ hour weeks?

like

I think you misspelled “pay cut”.

likefunny
Recent IconRecent

I’m still pissed they encouraged us to take last Friday off for the long weekend and now this

likefunny

Ohhh Wow. Did not understand that before. Thanks.

like

GPS predicting a increase of 7%

like

D9 which team is this?

Layoffs beginning next week. Some voluntary reduced workloads, some mandatory reduced workloads depending on business.

80% reduced work schedules and comp up to 5 months in duration for some groups. Will begin mid July.

Mandatory work from home through at least Labor Day.

Curiously enough, they have not mentioned AIP and Raise status.

Anticipate competitors taking similar measures, current differences due to fiscal year end differences (will likely equal out over time).

Updating as they share.

likehelpful

They didn’t specify region on this call so I would imagine it’s firmwide.

smarthelpful

Consulting Commercial CBO and GPS are making money to my understanding, why the weight higher for that group?

like

What about new hires?

like

Yep I just heard the same thing on Staceys call... 5% of professionals and EAs.

Stacey Dash

Isn’t the headcount a lot bigger in audit and tax? The real % may be a lot higher than 5%

What is voluntary reduced workloads?

For Canada it was until end of Aug

What’s the source of this info? Is it coming from a firm wide leadership call?

KPMG, tax audit advisory it was announced to us all on firm wide calls

like

Any chance that all the people who are on bench for less than two weeks will also get lay off ?

Any idea which groups within Deloitte Advisory is going to be the hardest hit? I‘m in Forensic ,but not sure whether it will be greatly impacted?

Another forensic fish here

Related Posts

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.

like

Has there been any layoffs in paypal India. Does anyone have an idea about this?
Sae a few news articles online and it's worrying me.

like

Hearing of layoffs with some Chicago agencies. MSL...Porter...Ketchum...others? Sign of bad economy coming? Hate to sound skittish, but I lived through 2008

like

Hey guys! Yesterday the company i worked for laid off the people in our state for economic reasons with no notice. I’m in desperate need of referral in entry level SWE/SD(or similar) positions at the moment. Any help would be greatly appreciated. Thank you!

like

Hi everyone, unfortunately I was recently affected by a layoff at my company. About 30% of their marketing department along with other departments were all let go. I have 3+ professional experience with product marketing, digital marketing, and event management. If you know of anyone looking for marketing specialists or just want to network in general let me know. I would love to connect!

like

I asked for a raise and instead got laid off. Told that after looking into finances not only can they not afford a raise they cannot afford me. But I know for a fact they are replacing me with an Agency that say they can run our Social Media for 500pcm. Is this normal practice these days?

like

Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



like

Howdy…I need a sanity check! As part of my previous role, I reported security non-compliance and gross security misrepresentations. For my valiant efforts I was laid off (despite being a protected whistleblower) and my reports were buried. Everything I did was in line with my responsibilities. I was extremely concerned that systems housing personal credit data on all US consumers were not adequately protected. I essentially risked my job to protect data and I’m not sure if it mattered.

So no real layoffs?

Tax Senior here. I’m well liked around the office, I put in the hours and work hard, I haven’t had any dumpster fire projects, but I am a mediocre performer compared to my peers (not as strong project management, communication, not as confident). I just got told they’re firing me. Should I expect severance? Have other people been fired for similar? What did you do with your career?

like

I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

like

What are some reasons you’ve seen people get fired for? And how long did the warning process take, if any?

likehelpful

What is the severance pay in pwc India?
Does everyone who gets fired be eligible for it?

Has anyone here ever been fired for being rude to a customer?

like

What if Elon Musk replaces Rajesh Gopinathan as the CEO of TCS?
All the useless managers will be fired?

funny

Hi!!
I am looking for a referral for Marketing/Product management role, lost previous job in a layoff.
YOE: 2.5

Hi! This is post is for a friend who was recently laid off due to budget constraints at their company. They’re actively looking for new roles in Business Analytics, Finance or a combination of both. Any referral would be extremely appreciated.

like

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.

like

PPEDs: Just found out that a Partner, who was promoted in 2017, was fired. IDK the circumstances. What can they expect to walk away with besides 401k & normal pension plan?

like

If you got fired today would you have a Bach up plan? What would it be?

like

More Posts

Suggestions for hair and makeup for Indian wedding? Thanks

like

Will hotels and airlines extend their status requirements? (I really only care about Marriott)

like

Best way to deal with fear and uncertainty around the Boogaloo movement? Currently intensified defense spending however current neighboring cities are heavily prone to coordinated looting

like

I am a direct private lender. I offer fast and reliable loan at 5% interest rate with no prepayment penalty. I can close a deal within 3-7 working days.

Do you have any project/deals that needs 100% funding?

-Jeremy

like

Has anyone gotten the job because you sent a reconsideration email after being rejected?

Hello Fishes, can anyone please confirm if any further interview round happens in Larsen & Toubro Infotech post HR asking urgent needed documents and HR discussion (for Specialist - Data Engineering position) ?

Docs provided, HR discussion happened and now they telling anothr client round is there? And I'm confused if it isn't the stage where they should release offer letter?
Any ideas Fishes?

like
like

I like to apply for Product Manager roles at Amazon since I like the role. I have done front office CRM (SAP) implementations for Fortune50 clients through Accenture.
It is more of sitting with users to understand their process and map it to CRM suite and build additional features to map their specific processes.
I have also worked on sales, BD and functional spec creation for new features.
Can I count these as Product Management experience while applying for Amazon or other Faangmula?

like

Does anyone have sources of health insurance cases for prep? Having an case interview with an insurance company coming up

like

You made it! It's Friday and the week is over. Anyone have fun plans for the weekend/halloween?

like

Will Deloitte withdraw my approved i140 if I switched to a different company? Has anyone done that here? Need insights. Thanks fam

I am going to India for a month. May have to change my return date. Any suggestion on what insurance/other option to reduce the ticket update cost impact.

What to do when parents dig their toes into your relationship? They don't approve of who I'm with and very vocal about it.

In 10 years, this may be in the rear view or they may not let up. Anyone with experience in this?

like

Does anyone ever redeem Marriott points for gift cards? Is it worth it?

like

I have an offer and want to negotiate

1. London base salary but I have to absorb all the expenses (train + stay)
I am thinking to negotiate to

2. home base salary and have my expenses paid for

I know that's depends on the amount I have to travel (and potentially stay) but at the moment this is unknown. Past 8 months was just twice a month + 2 nights stay.

The only thing I know is it won't be every week, the return trian ticket is about £80-100, depends I could plan ahead.

Summer Reading.
I've just started (finished the introduction only), but already I would recommend highly to anyone claiming the name of Jesus Christ as our Lord and highest authority. The author is a brilliant man I've listened to for years. There may be some here who won't like it, but I would encourage Christians everywhere to take a step back and think about what is going on here. This *will* affect the way we do life & our jobs, as well as the way we love one another as Christ has commanded.

Post Photo
like

Hello fishes. Does anyone in this bowl has joining tomorrow in KPMG?

like

Hi Sharks,

I got offer from cognizant for skills appium(mobile testing), selenium. My yoe is 2.8 yrs. Designation is PA. DOJ is 29th dec. So are they projects in cognizant for testing or they will keep on bench. And projects are more of manual or automation testing

like

Anyone have insight on how to move in-house at EY?

like

Additional Posts in The Worklife Bowl

Is anyone’s company offering to pay portion of your rent as home office expense? Especially if company is no longer paying for commercial office space?

like

Working on a regular desk and my laptop has been killing my back and neck for last few years. Finally spent a couple hundred dollars on a standing desk, wireless keyboard, and back/neck heating pad to alleviate the pain. Very hopeful working will be much better now.

like

Looking for ergonomic office chair recommendations, budget is $500. Any suggestions?

like

Has anyone ever outsourced a portion of their own work and passed it off as their own? I would love to hear some stories...

like

Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

like

My SO and I are touring a home tomorrow that we’re considering purchasing. With COVID restrictions + high interest in the home, we only have a 15 minute time slot to tour it. Suggestions on what things we must check out given the time constraint? We’re first time home buyers, so want to make sure we don’t miss anything critical during our tour

like

The feeling when you put on a pair of jeans after two weeks wearing pjs at home....So tight!!!

likefunny

Got a lot of “undeliverable” packages lately on Amazon. Anyone with similar issue?

like
likehelpful

Any millennials here worried about their parents retirement? My parents are set financially but I’m worried about their lack of hobbies and social life. They watch a lot of news, politics, stock market, and sports. However not much more than that. I feel I’d be fine with that if they were in their 80s or older but they’re early 60s. Anyone succeed in getting their parents to an activity filled retirement?

like

*My MD, with his video on, in his palatial home office*: “Hope everyone is staying safe and sane...”
*Me pretending my camera is broken*:

Post Photo
likefunnyhelpful

Everyone, please start book marking your nominees for "Fishbowl Thread of the Year."

Planning prizes (gift cards?) for 1st/2nd/3rd place by most votes on 1/1/2021 12 PM CST

My money is on the "Singles in Consulting" bowl having some juicy stories.

like

Remember to block all notifications when presenting.

Post Photo
like

I am meeting my girlfriend’s parents for the first time this weekend for dinner at a pretty nice restaurant. Her parents are fairly traditional Chinese mom and dad and I am not Chinese, or Asian for that matter… I don’t want to show up empty-handed - any ideas on good gifts for first time meeting Chinese parents?

likesmart

How fast do you think we return to normalcy in 2H?

Best part about living alone during this pandemic, no need to wear pants!!!!!! I’m a free woman!!!!

likeuplifting

To take advantage of the next big economic downturn, should I set up a Robinhood or Charles Schwab account?

likehelpful

First toilet paper, now it’s flour, yeast and baking products. Why is instant yeast 10x more expensive on amazon?! Is everyone really trying their hand at baking now? What happened to rice and pasta?

likefunny

Tomorrow is the 1 year anniversary of the passing of my roommates mom. She’s devastated and I know tomorrow will be hard. Any ideas on what I can do to help her through appreciated.

likeuplifting

Looking for inspiration from real people versus youtubers..

Post a picture of your home office. Starting my first WFH job and I'm looking for ideas! Top accessories? 13x13 guest room is the desired location. TIA 😊

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