Do you think consulting firms will start doing mass layoffs like tech companies soon?

Whether AI kills blue collar jobs or not, we recently saw block, oracle and then today meta planning to do layoffs. Software engineers are expensive and AI does significant portion of their jobs, and those companies need more money to invest in AI infrastructure to avoid becoming obsolete

But what about consulting comapnies. Do you expect to see Big4 / ACN / T2 /MBB announcing big layoffs?

Post Photo
likefunnyupliftingsmart
Posting as :
works at
You are currently posting as works at

AI can handle some of the work analysts do, but it can’t deal with all the messy, ambiguous challenges that come with more senior roles. What I’m not sure about is how we’ll develop the next generation when so many of the early career tasks that help junior people learn and grow are being replaced by AI.

likesmart

Companies always do what is best for business

like

Yes. There might be a correction when 90% of white collar jobs are gone and no one has the money to do anything, but nothing's stopping this momentum for the time being bar some catastrophic AI-related events.

like

AI will do more and ultimately Partners will have to sell more and manage more clients. But everyone who is left will be very well compensated.

like

It’s less about if AI will cause us to directly lay people off for efficiency gain and more about what adjustments we have to make to win work and keep clients. There has already been some push from our clients to deliver better and faster at cheaper costs and this will only accelerate that.

At that point, layoffs for us are inevitable.

like

Really amazed at people thinking things in 5 years will look anything like the prior 5. I see so many people focused on promotion from senior consultant to manager and I think, wow you have no idea what’s coming for you. I hope I am wrong. But in the meantime I would be hoarding cash and focusing on figuring out what you want to do when AI takes over knowledge work. For the time being there are other professions that require people (nurses, airlines, construction) so look there.

like

My wife is a nurse. She is my plan B.

Seriously though. It’s scary to think where it’s going.

like

I hope everyone is saving for AI judgement day. Take advantage of the last years of earning your current salaries.

likehelpful

It’s coming for all computer based work, and soon. If you’ve used Claude, or the many other tools you will quickly see it does 95% of your job better than you

like

I think 30% over the next 18 months. Then it levels out.

Related Posts

Hi all -
Sorry for the long rant, but could use advice or just encouragement.

Got laid off for the first time in my career 3 weeks ago. I have 10 years of PM experience (mostly ecommerce & experimentation). I was fortunate in the past to have had recruiters scout me directly so this is the first time in over a decade that I am applying to everything that I’m qualified for, mostly qualified for, and way over qualified for with zero leads. Only 3 interviews thus far that didn’t go forward.

like

How is job security in BNY Mellon | Pershing Technology department?
It's very scary to here abot lot's of layoffs in other companies these days.
......
#Layoffs #firing #Job #Termination

like

Tech company lay offs….are they soon to be inevitable?!

There is lots of companies really taking a hit in the tech space. Is this something that people are nervous about? Many seem to still be having a hiring push but with the button falling (IMO this is still just start we have a long way to go to bottom out) will that halt and layoffs ensue? And if so, which depts do you think will get hit the hardest?

Anyone have insight to what the plan is at UpStart for example?

like
like

As an MBB consultant looking to move into industry, should I expect to take a pay cut? The roles I’ve come across so far seem to for less pay than I make now

like

Views on switch from MBB to Deputy CFO of Fortune500? Yay or nay?

like

Hows the industry doing in MENA right now? Any worries about a potential crash? Are firms still hiring? Based in the US and everything is tense here with the recent tech layoffs

like

Looking for referrals at MBB/S&/OW/Kearney in their Dubai/Doha/Riyadh offices for my sister since she can’t join Fishbowl. She graduated from top Canadian uni (UofT/McGill/UBC), grew up in ME and has an impressive academic background and work experience. Happy to connect with her directly.

Those who moved from MBB to Strategy& , why did you do it? Pros and cons?

like

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

like

Anyone know Deloitte core business group in Deloitte consulting LLP?

Salary range, business outlook of this group amid layoffs and green card initiation timeline?

Post Photo

Will there be any impact in Fidelity Investments due to recession? Will there be any job cuts? Please update.

like

What do you think the average hourly rates for SC level would be for S&O type roles for Big4, MBB, Acn/Indian firms?

like

S&P Global Hey everyone, Heard this rumour that huge layoffs are going to happen in S&P global india....can anyone give heads up about this ?

S&P Global

helpful

ISO: experienced recruiter for a career consultation. Laid off a few times. Trying to make sure the next job sticks. I’ll compensate for your time!

like

Are PE investing role WLB and Stress that much worse than MBB?

like

I made a couple errors at a new job. An important document to be distributed had wrong information on it, which was proofread by 2 other people. Then a couple of typos in emails, the person micromanaging me told me to send out but I didn’t fix the errors. Failed to meet a deadline but completed 95%. I was written up over all this last week, fired this week. There’s a lot more to this but I think it’s because the DM doesn’t like me.

like

Does Meta & Twitter layoffs, Rishi Sunak becoming PM, India lose to England in t20 really matter to us individually?

like

I’m quitting my job tomorrow morning. I don’t have a new job lined up. I’m scared, but also excited? I’ve felt under utilized for months, and haven’t had a promotion after two years. I never take risks like this, but life is too short. Is this a bad choice?

likeupliftingsmarthelpful

More Posts

Hi any reviews on Aptos retail?

like

H1B lottery results are out! Let’s update each other here! I’m not sure how much time BAL takes to inform the selected applicants!

like

Have over 6 years Private chef experience, looking for work.

like

Spending 2 wks Belgium, Netherlands & Amsterdam during Dec with my mom. Need advice on what to do & not miss as well as recommendation on hotels. And from a country to country travel perspective...

I have been offered an internship for Equity Research role for 2 months. Based on my performance, I'll be on boarded full time. However, they are not letting me know the salary range I can expect once the internship ends. How can I negotiate a salary as per my expectations?

like

Did anyone get a GSB interview this week?

like

If you could, how would you change things to prevent yourself from becoming unemployed?

likehelpful

Hi Folks,

What is the difference between EY India and EY GDS?

What are the pros and cons?

Thanks in advance :)

like

Is it possible to transition from antitrust litigation to general litigation?

like

Has anyone recently joined pepsico?How many days a week is mandatory to go to office? How is the work culture and flexibility? Is it really worth joining pepsico?

like

Hello,
My skillset: Oracle Identity and Access management, Java , YOE:3.5

My current CTC is 8lpa, i have an offer from VFISLK 11lpa, and expecting offer from Accenture 12lpa.

Can Wipro match the offer?

Considering wlb and job security, i can stay in Wipro if they match the offer.

like

Friends, need some feedback on an idea:

I’m thinking of starting a podcast interviewing leaders at startups about their experience with specific challenges - I know, cliche, get a more original hobby, etc.

Not looking for the narrative arc of How I Built This or Masters of Scale. Instead, looking to uncover specific problems faced by companies that tried something new for the first time. What did they not see coming, how did they adapt and measure, etc.

What are your thoughts on this format?

like

Why are people so caught up in job title? Literally people have turned down jobs paying 2x their salary because job title is lower. Who cares!!!

like

Does anyone here actually work at Seamless.ai? I interviewed a while ago but ended up not continuing on with the process. What is the culture like?

like

How do u get your team to start attending daily standups and updating tickets. ?

How to switch practice areas? I’ve been in immigration for 3 years now and need a change. How do you convince employers you’re a good fit for a role you don’t have any experience with?

like

Anyone here adopt a puppy during the infertility struggle? Husband and I considering it to have something positive throughout this situation and thinking the extra companionship would be helpful. I work from home. Husband has had many family dogs and lots of experience with it, I’ve had a family cat before. But not sure if it’s actually a good idea - wondering if it would truly help make us feel better and keep our minds off of the struggles or if it would just add extra stress. Thoughts?

likesmart

Hi,

I am having total 4 year of experience. CCTC is 8.6 lpa TechStack is Java,Springboot,Microservice with Azure cloud

I have offer of 19 LPA from Optum which includes 2.5lpa variable

Today after HR round with Morgan Stanley they have given me the amount as 2365000 base + 141900 EmployerPF + 354750 Variable + 4.75 lakh relocation.

Now, I am totally confused which one should I proceed as the amount is also beyond expectations from Morgan.

Please help me in choosing one out of both of these.

like

What will be in hand for the below after-tax deduction?

Post Photo
like

Let’s talk pay!

Our industry is small and it can be difficult to find data. Please share the following:

- Title
- Salary
- Stock options and type
- Years of experience
- Location
- Remote, hybrid, on site

Here is mine:
- Senior UX Researcher
- $146,000
- 6.5 YOE
- San Francisco
- Remote (hybrid optional)

likehelpful

Additional Posts in Consulting

Best foreign films to watch on Netflix ?

like

Who else is doing expenses on an amazing Saturday? I noticed a $50 dinner charge. Damn you Sheraton. I hardly ate anything that night.

like

LGA flight delay status, anybody?

like

🐠 Fam - What’s a good whiteboard solution for my home office? What do you use and from where do I get it? Thanks!

like

Have any women on here had your eggs frozen? If so how old were you and how did you decide where to have it done?

like

Hired as SA1. if my utilization is low for round table but I’ve gotten good Snapshots will I go up to SA2 or SA1B, which I don’t want of course.

like

Anyone ever buy a mattress off Amazon? Otherwise any recommendations on reasonably priced mattresses? Thanks!

like

Why do people hate traveling? Its like a 20k bonus in meals, flight/hotel points

like

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

Book recommendations for a vacation?

like

Accenture folk, anyone work at Axia? What is it like?

like

Since we’ve all been working from home for months now, what’s the best office chair out that y’all are using for our long work from home hours? Looking to invest in a better one than my ~$150 one from Amazon.

like

Interviewing with BCG in 2 weeks, what is special about BCG compared to Bain and McK?

like

It's 9:05am and the client till isn't in yet... Wtf?

like

Life Pro Tip: carry chopsticks in your laptop bag and you'll never be out of cutlery ever again !

like

Brushing your teeth in the office: yay or nay?

like

What are your book recommendations?

like

Best volunteer org for one who's interested in helping students in impoverished areas?

like

Consulting firms, how does your company use utilization as a performance metric? And what are your targets (e.g, Junior practitioners vs senior)

like

If I had a traditional IRA before being employed in a 401k eligible role, can / must I roll that IRA into the 401k or can I leave the accounts separate without deleterious tax consequences?

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