Does mid year review means more layoffs? Or are we done-ish?

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There can be an uptick in folks let go at mid year but they generally fall into two buckets: folks who were on a performance improvement plan coming out of annual reviews in May, who had until the end of October to turn things around or be let go, and folks with bottom of the barrel metrics mid year and few prospects to turn them around.

There have been some layoffs which seem focused mostly in financial services but I wouldn’t call them massive. There is less patience in the US for “bench time” than I have ever seen in my 15 years at PwC, though this appears to mainly impact experienced Associates and Seniors who lack the internal network to get picked up when their home practices have a slower patch, or those who literally do nothing while benched. Overall US and global headcount appears to still be increasing.

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I keep hearing your layoffs were massive, which practices?

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WFH/Layoff/Security
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