Do you think the coronavirus will lead to massive layoffs?

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

In industry...potentially, depending on how long this drags on and the particular industry. For example, tourism and hospitality could be pretty badly hit if this drags on for months.

In consulting, I'd say it depends on the firm and its client base. In the same scenario, a firm that focuses heavily on tourism/hospitality would likely have layoffs. On the flip side, a firm that focuses on federal work, for example, probably would skate through relatively unscathed.

like

Never been a better time to be on the federal side as much flak as we get on here. We'll all be teleworking from next week onwards for the foreseeable future too

like

Seattle is already laying off people in the service industry. One company just fired 800 people at a series of restaurants owned by a chef

like

No one can say

I think it will for small/medium service/travel businesses and the travel industry at large. Many short term layoffs have already happened.

This will impact nearly all industries - retail, food and beverage, hospitality, travel, events, entertainment.

Hourly workers are impacted as businesses don’t need to staff due to lack of business. Lack of business leads to less profits and layoffs of full time staff. As people have less money, less spending across the board. It goes on and on.

like

Manufacturing in certain sectors could easily have short term shut downs.

What about healthcare or operations related consulting work?

Related Posts

laid off in Oct but ended Jan with 4 in-persons and good feedback. fast forward a month - ghosted twice, one put on hold, and one no. ~1 month of unemployment left - f@&k i feel worthless.

like

Are rates inevitably going to drop because of COVID-19? Freelance Sr. Copywriters and Art Art Directors accepting $50hr? Freelance CDs accepting $75hr? How much strain will all of this put on rates?

like

Even though we're busier than ever during COVID, I feel less burnt out than I usually do. There's something pure about our work and contribution in this crisis

like

I have a gov law job with an offer to go to a great firm as a mid-level associate. Worried that if COVID continues, I’ll get laid off (much less likely at my gov job). Should I wait or go?

like

Anybody who got laid off in the current wave and looking for a referral in Zalando in Germany, feel free to DM me. Happy to help.

like

6 months pregnant and just laid off. And 40% of my severance was just taken in taxes .. I just spoke with paid family leave and I no longer qualify even though I had been paying into the program (thanks NY).. I already applied for unemployment but doctors are telling me I’ve got 10-14 weeks left in this pregnancy.. so stressed having twins and being unemployed, no maternity leave, no paychecks coming in, and I’ve been applying but not a single interview.. just ugh. 😭

like

"I wasn't laid off, but I quit anyway because I'm bored!"

In-f'ing-credible. Even included a screenshot of the you're-not-fired email and everything.

Post Photo
likefunnyhelpful

Just heard some rumors that there’s a case of Coronavirus at FCB and that Leo Burnett is on CV lockdown. Are these rumors true??

like

MBA admit here and have to put down a deposit soon, having serious cold feet right now due to the covid situation and potentially having to start virtually. Would love any perspective on how it's been particularly socially and what your schools' outlook on the fall is

like

Film industry fishies! After covid, what is the average of projects your company handles each year?

like

Is pwc doing silent layoff?

like

Is it normal to be completely ghosted by former coworkers after layoffs? Calls, texts, emails ignored (other than ones having to do with the admin aspects). I’m paranoid HR told people to not respond.

like

Need some encouragement: 1. my husband just resigned from his job as it was beginning to give him mental health challenges and even put him in counseling. I am now the only income producing person. 2.I haven’t been tithing in a couple years (mainly bc I moved to seattle and haven’t found a church home…Covid didn’t help). 2. Leaving amazon for a better paying job that God blessed me with, at a great time. I don’t have the margin to tithe but know I need to. If you’ve been in this sitch, advice?

like

Starting therapy tomorrow. A little bit nervous tbh. I have not been performing well at work and I am trying to get back to being a solid performer before I get end up getting fired. I was wondering, how do you communicate this sort of thing with your team? My therapist wants to do a 9am call and i’m worried something may pop up during my session. I also don’t want to work and do personal stuff at the same time. I feel like such a mess rn 😔

like

Has anyone been laid off from a Big Law firm and invited to apply back at a later date and actually got hired back. In my discussion with HR when they told me I was getting laid off I asked if there was a way they could move to another practice group..she told me there was nothing open at the moment but I can apply when something opens up.
Was she just being nice or do I actually have a shot?

like

I worked as a technical PM for a medium-sized adtech company in NYC in charge of 2 technical teams, and the business intelligence team.

On Thursday I was informed by the lead PO and HR that leadership had decided that the project management office was no longer necessary for the company and all three of us, the director and the two technical PMs, were being let go. None of us were given any notice.

They offered me 2 weeks of severance pay and I negotiated it to 3.

like

Currently I work for ibm doing Salesforce implementations. I'm considering a job change and starting to interview with Salesforce. With everything happening with COVID-19 is it a bad time (cont.)...

like

Got fired from Accenture (at an analyst
Level brought in as an experienced hire) 6 months ago, and haven’t been able to find a job since. Any guidance or ideas on what I should do?

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

What is going on with your productions during these days of coronavirus? Clients are postponing or canceling. What are you experiencing?

likesmart

More Posts

“Arey oo bina signal key mobile”
What’s your best line?

funny

Who here actually qualifies as an accredited investor?

like

How do you go about figuring out the upgrades that you’ll need to do to a property when looking at a property to flip?

like

Thoughts on Platinum Equity vs Parthenon Capital for a PE ops role? Work Culture, Comp, WLB.

like

Hi all,
I have 9 yeas of experience as a .net developer
Current CTC is 15 lpa.
Am I being underpaid??
And how much should be a deserving package?
I am asking this because I am expecting an appraisal and i might get an option to bargain,
Which will be a good decision switching the job or bargain for better package and be is the same organisation?
Please suggest...

like

Reminder - 𝐍𝐨 𝐦𝐨𝐫𝐞 𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐭𝐢𝐨𝐧😀
Upgrade 2H 2022

#SAP #SuccessFactors #HRTransformation #Netherlands
#Amsterdam #AMS #Support #Implementation #Europe #Squidgameseason2 YASH Technologies

Post Photo

As the job market recovers and tech talent becomes especially sought-after, some job seekers can be at a crossroads.

Fledgling startup or a big, established company: where would you work?

Working at a startup helps you pick up new cross-functional skills, forces you to dig deeper into your reserves, and allows leadership opportunities.

Big companies typically have a more structured path for career growth, offer benefits and perks to employees, and are perceived as more stable.

Thoughts?

like

Any HR from IBM, Capgemini ? I have applied for a job but haven't received any response. Need some help with that. Kindly help please IBM Capgemini

like

How do you figure out who your spirit animal is?

likefunny

𝐒𝐀𝐏 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐅𝐚𝐜𝐭𝐨𝐫𝐬 : 𝐌𝐞𝐭𝐚𝐝𝐚𝐭𝐚 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤 (𝐌𝐃𝐅) 𝐎𝐛𝐣𝐞𝐜𝐭 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

#SAP #SuccessFactors #MDF #MetadataFramework

Post Photo
like

Anyone willing to give Marriott points for delta miles? I know you can’t transfer delta miles cheaply but happy to book mile flights with your guidance..willing to trade at 2 Marriott points per mile.

like

Do you think an MBA is only really worth the exit options immediately post mba?

I just hear everyone obsessed with rankings but tbh in 10 years, outside say Harvard, they will have changed. My Alma mater undergrad was a top 20 school that has fallen for example. I chose it because it was the best in my local area but who cares given i don't live in that geographic local anymore.

Other schools that I didn't even consider have risen up.

like

In Bosch global services Ltd...
How NPS ( company Contribution) amt is calculated
Is it some ℅ of basic or of ctc? Or is it fixed for everyone.

Is NPS optional.
If it is paid by company, and is not part of ctc, then everyone will take it.

like

Hey desi peeps! I just moved to San Francisco (M 26). I work at Deloitte as a Salesforce Consultant and love watching baseball. Yep that’s it. That’s all of my personality! Just kidding! Anyway, anyone in the city that wanna grab drinks? Don’t know anyone here! :)

like

We’re looking for cleared (Secret) IT Audit resources at all levels - preferably with DoD experience. DM me if you’d like me to refer you.

like

Hello everyone I am a Vue js developer
I am looking for some job opportunities
YoE: 2.8
Notice period: 30 days

like

Looking to leave my current role, in industry (engineering/manufacturing) and to get back into big 4 (same firm as well), however I have a 3 month holiday planned from December next year.

Are big 4 pretty lenient on allowing holidays of that length? Especially for boomerangs? Or is it better to come back after the holiday and try then? Thinking that contracting temporarily might be the way to go in the interim.

like

After 6 years of temporary contracts and unstable situations, I find my dream job in my dream company. All of a sudden the world goes upside down and I get laid off. I start sending hundreds of applications, with only 2 recruiters getting back to me to say I don’t have experience for the job (this is how it works in Italy). Add a terrible health situation in my family and it seems there’s no light at the end of the tunnel. Ugh. 😞

like

I did lots of MCQs, scored around 70 & 80s yet I failed in the exam. Anyone with similar exp? What could possibly be wrong that am doing here? Please help.

Additional Posts in Consulting

Has anyone gotten their covid booster that’s not in one of the high risk groups? I’m starting to hear of a few people here and there who have or have it scheduled and just wondering if this is becoming common.

like

Met 2 of our new hires last night at a training. They've been here 3 days and are already concerned about being laid off. Felt bad for their anxiety but think it's ill-placed to some extent

like

Is it possible to move from ZS Associates to MTS Health Partners investment banking? Im very interested in the healthcare transaction/deals world and also have a (non-target) finance degree

like
like

What is the final round at PwC like?

like

Hours real talk. I've always been very "bill what I work" so that means light weeks I'm destroying my own utilization/billing initiatives instead. Meanwhile peers bill 40-45 regardless. Am I an idiot?

like

If you join any of the Big 4 as an experienced hire, is it possible to get laid off before your first project?

like

Applications and browsers were crashing on my computer. Tech support tells me that it was because I had the wrong printer set as default. WTF....

like

What are the top consulting firms that are known to allow full-time remote work?

like

Any advice on how to spend less money? I have Mint and know the basics of personal finance but have found it hard to adhere to a budget. Decent income for a recent grad and no crazy debt, but money seems to go so fast.

I allocate enough to meet the 401k match, but have had a hard time building a savings.

Any advice appreciated!

likehelpful

Has anyone ever went the Brand name Firm -> Boutique route? Any regrets or insights?

like

It can't be a good sign the highlight of my day is looking for other projects..

like

Hahah some guy tried to take a blanket, the flight attendant said "sorry sir, that's for comfort+" and the guy all snarky "yeah, well I'm a diamond medallion, so relax."

like

A bowl for "thirsty" consultants on travel a good idea or nah? Kind of like that movie about an elite hook up ring for working professionals who don't have time to date

like

Dealing with idiots on a daily basis and having to explain basic concepts to clients multiple times until they finally (kinda) understand frustrates me. How do you cope with this?

like

Is the pyramid principle by barbara minto still the best way to learn about organizing your thoughts for consulting?

like

I miss the corporate welfare of all my free mealz

Post Photo
likefunnysmartuplifting

Those who have undergone layoffs... Our fallen sisters and brothers... What are the plans now? Would be especially interested in hearing from those not planning to go to another consulting firm.

like

People with personal lawyers for side gigs/family business matters: what hourly rate do they charge you for counsel and work?

like

Anyone got pwc mobileiron installed on their personal ipads? Is it even worth it?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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