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All those years of under-bidding on audits coming back to bite them.

likefunnyhelpful

Disagree. Maybe in the first year you can underbid, but once you build a relationship it shouldn't mean every audit is underpriced. Our partners need to learn how to negotiate in addition to how to build relationships (at least, at my firm). If a partner I worked with charged $500 extra for every engagement he has, that would be an extra full time senior salary at least!

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Truly, no one knows. Leadership is radio silent.

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EY6, so they told you it’s due to performance? Which business line?

They learnt from PwC that did exact same thing 2 months ago, “no layoffs, I promise you” on national calls for months, and than you suddenly become the underperformer after years of being high performer and never got average rating, ever! Always high ratings. Stay strong EY peers who got impacted, this is definitely not easy to digest. Looks like so far Deloitte handled this pandemic the best, laid people off due to economy and being honest with its employees upfront, instead of blaming on “performance”, and impacting people’s mental health that is already impacted due to other factors during the pandemic.

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Wait really? What LOS?

From the article: I know 3 total including me. Senior and manager level. No PIPs. No warning of terms either.
EY needs to be called out on lying to public about terms. Promote 73 new partners then secretly lay off stating it’s for performance issues.

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What does promoting people to partner have to do with layoffs?

It’s true, not sure on the numbers. Across US at all levels. It’s sad the way they did it though giving people 1 day notice!

A few weeks ago EY was dropping hits on DT for layoffs.

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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?

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Frontend engineers what's your pay, location and years of experience? I'm pretty junior and am negotiating a raise which seems untimely given all the recent layoffs.
I'll go first. San Francisco 2 yoe 125k.

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Anyone else notice a trend with the mass amounts of layoffs in tech? Why are all their resumes so jumpy? Not like 2-5 years jumpy, like few months at a time jumpy? But still can land a position with similar tech giants? IMO, lots of these people get hired by their rich friends, stay a few months before someone realized they aren’t qualified and were just a recommendation from a current employee. Then repeat that process over and over until your company is down 50%

Hey all, ~7 years I've been working with fixed income analytics (duration, spread, etc) and perf attribution for institutional inv mgmt firm with close to $400B aum.

I'm being laid off in a couple months. Should I say I'm being laid off in interviews? Or is that a negative? I get severance if I stay the whole time so ideally I can time it. Have finance degree, CFA charter.

Most of work has been IG, but also some HY, EM and equity. Want to go into equity research/PM- worried I'm pigeonholed

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Who was laid off today

I’m guessing you can’t use the same indie recruiter/talent specialist again or they won’t risk recommending you if the last gig you got from them you were fired.

likefunny

Hello guys,

Could someone please help me to know about job security at
Natwest group , I heard that in past they layoff some employees due to closing of the mumbai office and they were in constant loss.

Also, they have shut down their operations in India, so will it impact on us.

Thanks in advance

Anyone know if all the layoffs have been completed/announced yet? Honestly, I love my job and there's nowhere else I'd rather work. Want to know if I can exhale yet.

Has anyone been PIPed and fired by a manager that did not want to onboard them onto their team within the first 3 months? As a recent grad, how did you prevent it from derailing your career?

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Any ideas for a field to pivot into for someone who just got laid off? For reference I’ve been sales selling data products for my entire career (6 years)

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🏆 Inspo Thread 🏆
Getting laid off is tough—let's use this thread to lift each other up and share any inspiration or encouragement you've encountered while navigating this difficult time.

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Laid off at Ogilvy yesterday

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How common are layoffs in big law?

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Hey Fishes,
I am suppose to join BNY Pune on grade I very soon. Wanted to check on how is the bank doing in the recession time. Any chances of layoffs predicted? Is the bank suffering any loss?

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Does a severance usually come with a lack of work letter? (Big4)

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It’s Wednesday! How we feeling? Any tea? Heard stealth layoff are happening but not 100% sure if it actually happening.

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https://trak-in.cdn.ampproject.org/c/s/trak.in/tags/business/2022/08/20/1-2-lakh-cognizant-employees-resigned-in-90-days-36-attrition-is-cognizants-2nd-worst-quarter-ever/amp/
Attrition+economic slowdown and tech layoffs, mixed bag it seems. What are your opinions on this ? Will there be good hike next season or any talent retention steps to be taken here? Deloitte Deloitte USI

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 😅

Anyone dealt with age discrimination at work or thought they were fired because of it? I have a strong hunch I was let go because I'm older than most of the team and they're trying to get a "fresh perspective." To me it just sounds like they're firing anyone over 50.

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Hi Fishes!!!
How is Coforge(previously known as NIIT Technologies) is for the Scrum master role on the basis of :
1. Work life balance.
2. Work nature.
3. No. Of teams handled by one Scrum Master.
4. Being Agile forum.
5. No. of reports and meetings for the agile forums not just teams.
6. Layoffs.

Please help me by answering as many pointers as you can.

Location is Noida.

Thank you.

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I'm a foreign national with a UK work visa, normally working in London. If I end up working from home outside the UK for 80-100% of the tax year does my UK tax rate change?

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hi lovely people! my friend finished up an AD internship at deutsch and has since been searching. she’ll be visiting london, paris, & NY in the coming weeks and would love to meet with anyone willing!

Do jp morgan use Azure cloud for Data Engineering purpose? I have following skills data factory, databricks, synapse, SQL server,SQL,pyspark,python ,c++, Power Bi

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Hi! I'm looking for referrals for General Assembly, Bloomreach, and Chegg. Anyone available? Thanks so much!

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NORCAL trip: flying into SJC using pats for hertz. Going to Santa Cruz seeing redwoods on way. Then Monterey/ big sur. Yosemite for 2 nights then Tahoe for 2 nights. Need recommendations for all!

AFTER CAREFUL CONSIDERATION

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likefunny

Water pump broken. How many points?

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Nobody :
Fishes : what's your yoe, ctc and tech stack? 😆😂

likefunny

Best coffee roaster in Austin?

I get whole bean and have been a lot of places but figured id ask for any hidden gems. My favorites (theres a lot so these are just top 2):

Patika (superthing)
Red Horn

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What benefits do I get if I become disabled during my service?

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Current pay for X-ray techs in inland empire

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Hey All,

Please help guide me with below confusion:
My Tech Mahindra Hyderabad salary is 35 lakhs and my wife's salary is 10 lakhs.

I am getting an onsite offer for Sydney, Australia with AUD 95,000.

Will this amount be sufficient for a good lifestyle like we mantain in India?

My wife is an Android developer and how feasible will it be for her to get a job and what would be the pay like for her on dependent visa.

We both have around 9 years of experience

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Hi! I just got converted to full time as a intern, and received this email about 401k which I don’t quite understand. Does the 3% means the match that company gives to me for free? So I don’t have to contribute anything to my 401k while getting free 3% match money? Thank you!!

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Recently I left Luxoft as a murex developer on 14th June, pune

How many days they take for F&F?
Why they are not collecting laptop?

Is someone looking for strategic partners for IT recruiting ?

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How many days Deloitte India takes to release offer letter. I tried to contact HR she said that they are trying to get approvals and it is in progress. It's been a week that i have uploaded my docs.

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Deloitte Consulting US just announced big time mid year raises for everyone eligible, including big raises for USI!

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Additional Posts in Accounting

Who ultimately decides the compensation offered to a candidate when being hired? Recruiter only? Hiring manager? Trying to figure out what aspects of the offer are owned by each person involved in the recruiting process (salary, sign-on bonus, level, etc).

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What to say on compensation calls? They give u the numbers. You say ok. What else?

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Have my CPA but thinking about becoming a certified financial planner after leaving public accounting. How difficult and time consuming is the exam compared to the CPA? Is it worth it?

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Is it generally harder to adavance when you are at a middle market firm in a small office?

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Thank you Jesus for blessing me with a passing REG score. You did it all! ❤️

likefunnyupliftingsmart

If anyone in the audit service line is in Sacramento area here, i would like to ask how’s your work/personal life balance? I am thinking of moving there in the near future (housing cheap as hell) and am not sure if I should stay with EY or go elsewhere.

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What is your monthly grocery bill and how many people/pets are in your household? Trying to see what a reasonable budget would be. Thanks!

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I’m confused about the proposed tax changes.

If I make for example less than $400k in wages but I sell $1.1 million in LTCG. Does that mean I follow the current LTCG rules or does it bring me up to the 40%?

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Who wants to get 5 referral bonuses and hire 5 audit members that were promised a bonus on 6/30 and it still hasn’t hit our accounts? 🤣🤣

likefunny

Anyone know what comp and wlb are like at FAANG companies? Is the wlb worse than other industries?

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Hi All, recently accepted a position in the risk practice at GT. Does anyone know if they do local travel in Charlotte or out of state travel? How much is 20% travel?

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How much do you guys pay for child care? Include their age and number of kids.

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What should be a salary range for a tax senior with 9 yoe? I have a CPA. How difficult is it to get in FAANG with tax experience w/o B4 employment?

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Why are women so critical of other women @ work? Commenting on each others clothes and talking shit when we should be supporting each other. Cheers to all the hardworking, ass-kickin ladies out there!

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Didn’t work at all this weekend. Bad idea. Currently feeling the overwhelming weight of compliance season…

Never justifying not working weekends because “I deserve it” ever again.💀

likefunny

Partners or whomever can help me understand about billing and hours. To keep things simple, let’s say you only have one staff to work 1,700 billable hours a year on a $60k salary and you have only one job that and the rate charged to the client is $300/hour and an projected hours budget of 1,700 hours. So ideally you would have revenue of $510k. If the staff takes less time partners make less money and if they take more time partners make more money while the staff keeps the same salary?

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Hi tax 🐠,

I have a question for those who prep individual tax returns. My parents claim my grandfather as a dependent on their tax return and due to their low income, receive PTC for the premiums they pay on his insurance (not eligible for medicare). However, would it be advantageous to have him file for his own tax return (he stays with my parents and doesn't have his own proof of residency via bills). If so, can he get PTC if his income is 0?

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Name your favorite true story finance movies

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S2, audit, Dallas

Thoughts on exiting to a small legal firm? They currently have one person in their accounting “team”. Looking for an addition because they are rapidly growing including starting another software firm. Possibly a future CFO position.

120-135k salary
40hour/week max

Thoughts?

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😳Does that means Twitter will go private? Will they still need auditor? What will happened to their employees if they stock can no longer trade at public market?

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likefunnysmart

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