First year associate here - really freaked out by FS layoffs and think I might be next. How am I supposed to find another job after 6 months?

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

Just get involved with business development work. Are you in AM, Banking or Insurance? Each group has a partner/director who coordinates bus dev for bench staff. Reach out to your DM for their contacts info. And talk to your RP and Coach about reinvest activities with them, or if they can put you in contact with someone. Show you are valuable.

like

^agreed....there are people in every practice of Advisory being let go unceremoniously....while not to the extent of FS shit is not rose colored...remember folks...we are all disposable...just keep your options open..appreciate the good things you have, but remember this is the business world...not fucking Sesame Street

like
Recent IconRecent

You might think your new grad salary is a lot, and to the majority of your peers, it is. But the reality is, you are cheap labor. It's more costly to hire and then lay you off, than wait a few more months to staff you and then bill you out. Associates and EAs have the highest profit margins.

like

@OP, I just typed out this long thing about all the different scenarios, but honestly it would probably just feed into your nerves..so just keep your head up..we'll all be rooting that the meeting is something positive and if it isn't your FishBowl family is here for you

like

Ride the waves where they take you. Smart hard working people are always in demand. It may not be an FS job in your specialty, but you'll get somewhere interesting. I graduated law school in the mid-2000s, lawyered, temped, worked as an assistant, and eventually made my way to the career I have now.

like

OP, it could also be because career assessments begin in March. You have a month to get more stuff under your belt before your RP begins evaluating you.

like

We are hiring 😊

like

For sure, layoffs are very different than being fired. That's not just KPMG but every company. Also... I don't think you have to ever tell new employers you were laid off or fired even previously

like

As a new hire, you're fine. Stop worrying.

like

Just don't assume the worst

like

If you JUST rolled onto the bench I think you're fine

like

Just made an anon gmail. Fwd your resume. KPMG2017@gmail.com

like

Sorry for the long post, has just been a taxing and upsetting 24 hours

like

Haha ok PwC2. Honestly PwC 1/2/3, you can choose to believe that the company you work for would never do this and that you aren't as disposable. Even when I saw the emails, read the fishbowl posts, heard about people I personally knew being let go, etc. - I didn't believe it until it happened to me. As FS refuses to clarify or release a statement, chances are, you won't believe it until it happens to you. And I really hope it doesn't, because it sucks. It sucks to be out of a job with absolutely no warning signs, it sucks to be out of a job because of economic factors you can't control, and it sucks to be constantly questioned by people who were most definitely not in a room with you when it happened. You can continue questioning whatever you want, but I'm not going to sit here and argue every point in my story that you're picking at on an anonymous app. It makes zero difference.

like

Submitted through STARs our referral tool + emails sent out to managers/directors with open outside hiring positions, which is the real way people get hired.

like

@KPMG would you really hire someone who was laid off?

like

Also, stop being so negative on yourself! Get your ass up and do something so that you are too valuable to be laid off.

like

No official statement on layoffs, but I saw about a dozen farewell emails last Monday.

like

Someone on here yesterday said they heard a new round is gonna happen today. Haven't heard anything yet but we will see...

like

EY is going through it as well, not sure about Deloitte

like

Related Posts

After you are stealth laid off, other than job search, what do you do? I assume they won’t give you work and even if they do, you can politely decline? How do you feel about you are not progressing anymore and seeing other people progressing in their career? I have no intention to make partner, but still feel a bit stuck not doing that much.

like
helpful

Ok, so I have a couple of offers, one kind of lackluster, for the County. The other is for a credit union-I left credit unions a few years ago to join a FinTech supporting credit unions)
I was laid off last month and have had a flurry of interviews…this credit union offer is my favorite so far, I do have another offer I’m waiting for from another tech company which has a much higher salary range, but nothing is written in stone.
Should I counter? The offer is $95k for a project manager.

likehelpful

Hi all

I joined
KPMG India 45 days back in SAP domain.
Technically, I am bench and filling time timesheets with bench code since day1.

As we all heard, recession may come in time ahead, am I vulnerable to layoffs?
I am quite worried with this thought.

Can anyone put some light on this?


Thanks

like

Hey 🐟 Can you please like this so I can DM. I was laid off and looking for a job.

I grew an DTC / Ecommerce portfolio from $6M to $13M run rate using Facebook & Google Ads.

Looking for new roles in media buying or consulting. DM me.

like

So uhh, how much of these layoffs do you think is from companies adjusting for the inflation reduction act’s minimum 15% corporate tax for balance sheets over $1B? Any savvy corporate finance peeps that have insight? I’m but a mere strategy person and don’t understand how decisions actually turn out during implementation.

like

What firms are hiring? I most recently was an Associate who got laid off due to pandemic a few months back. Really eager to get back into things but unfortunately have run into bad luck (firms laying off, hiring freezes) during my job search.

like

Have I just had bad luck with the companies I've been at or is it like this everywhere? I've had 7 managers in my 4 years of experience, 3 in one year at my first position (which is why I left) and now 4 at the 2nd company in 3 years. There has been a mix of people leaving and people getting fired but the instability feels extreme.

like
likehelpful

Hey Fishes,

How's Boeing India in terms of job security and growth ? Is there any layoffs happened in IT wing recently?

Infosys Fractal Tata Consultancy Microsoft Boeing Walmart IBM Wipro

like

EY update: No pbb, no raises, and we are essentially doing layoffs (solid performers who are utilized being let go without any prior notice). Again EY comes out top of the big 4

likefunny

Anyone else feel as though their firm is not being honest about the firm’s economic stability and what may soon come (i.e. additional layoffs or paycuts)? Currently my firm is taking austerity measures that seem disproportionate to its messaging about the firm’s financial status.

like

Any recent new Accenture alumni? Rumors of layoffs in past few weeks. Where’s everyone going in this economy?

like

Hearing there will be some heavy layoffs in Technology. Anyone have any details?

Should we expect big layoffs in 2021 especially in trading and other business lines? (Banks like Citi/MS who pledged no layoffs in 2020)

like

If I just stop coming to work how long until I am fired? Can I make it a year?

like
like

Did any of the Big4 start furloughs or layoffs in US?

like
like

Got a new job for a medium sized tech consultancy that seems like a great opportunity. Given the layoffs, should I be sceptical?

like

More Posts

Interested in buying a new toy. I don’t currently have a car or need one, but enjoy driving. I currently make about $120k (pre tax) w/ no debt and $3k monthly expenses. I may be moving into a role where I make closer to $180k.

Would appreciate suggestions for both income brackets. I’d like either a sporty suv (SQ5 equivalents) or a coupe.

like

Was recently informed by my doctor that I have genetic markers that call for a gluten and dairy free diet. If anyone could please share their favorite gluten and dairy free items, I would be incredibly grateful

like

What does a day in the role of a PWC Personal Independence Manager look like?

like

India finished Paralympics with 5 GOLD medals. Feeling very proud, this has been a dream of so many generations…

like

Is there a status match from Aeroplan to One World? Currently at 35k elite, hitting 50k in a week

like

ISO of a Lead SalesForce Developer.

3 Years of experience as a lead (managing team)

3+ Years of experience in SalesForce (Sales Cloud, Service Cloud, Marketing Cloud, Revenue Cloud & portals)

Salary range - 135k

like

What’s better:
26 Base + 30k stocks at a product based MNC (10k stocks with appraisal every year). 42 Base at a good startup.

like

I am looking into a medical director position in medical affairs. Does anyone have an idea of what the salary range is for a well-established biotech company?

like

Any of you partners or partnership track people start off as bad associates and then get it together a few years in? Trying to figure out if/ how I can get better at this.

like

Any suggestions of GP and/or dentist in Bay Area (peninsula) - I have Kaiser insurance.

TiA

like

Be me
7+ years at current agency
Generally happy, fun work, good people
No personal portfolio site,
haven’t thought about new job
Come across job posting by chance
Great agency, good work, perfect fit
No personal portfolio site
Do you apply?

like

Shouty Spice is out as WH press secretary. looks like rats jumping off a burning ship

like

Could anyone explain me how many levels are there within strategy & consulting? I am an entry level analyst and I do not know where I can find this info. I only know we have 3 levels of analyst.

helpful

How many of you switched from audit to consultant? Do You have your CPA?

like

Travels 3 hrs one way to clients office to present a deck. Sets up in the clients conference room and dials in for the team to listen in and so does the client. presents to client over the phone 🤦‍♀️

likefunny

Hello Fishes, I'm planning to join Deloitte india in the second week of November, I have got a designation of "Manager". I'm from a technical background (SF DevOps).

May I know what would be the roles and responsibilities with this designation? Am i supposed to be managing some team/people?? or work within some team on my particulars. Checked with the recruitment team but they seems to either not interested or not sure about the same.

YOE - 8.6
Location - Pune

appreciate your help.

like

I have dealt with this other contractor (different firm) that talks down to me and is passive aggressive. She now openly criticizes me on calls with the client in a “sweet” and “innocent” manner when

like

Hi Sharks,

Can you please suggest which would be better in terms of WLB, flexibility, growth, job security.

Offer:

KPMG: 16 fixed + 10 to 20% variable
PwC India: 14.67 LPA (fixed)

Optum - 16 Fixed + 15% variable + pf (offer letter is not received yet)

LTIMindtree: 11 LPA Fixed only(can revise the offer based on the latest offer)

YOE: 4.4 years
Tech stack: Azure data factory, data lake, Azure databricks, Logic App, SQL, Pyspark (basic)

like

Hi guys - I accepted my offer from Amazon yesterday (via email). I received my Amazon Joiner Support email earlier today. I was wondering when was the best moment for me to resign and give my notice? Feels like they’re doing employer checks and visa checks before sending out the employment contract… Im currently pre-settled status in the UK, and wondering how to best approach this. Any tips are welcome. Thanks, x

Hi all, I’m looking for some insight. I just attended an info webinar at EY today, and I’m curious as to how difficult it may be to get in the door. I’ll be graduating with a B.S. in Mathematics in Fall ‘23 unless I decide to double major/dual degree. I’m definitely a non-traditional student as I’m in my early 30s and have a decade and a half of experience in public facing roles (including restaurant management). Feeling a little unsure of where/what to do post-grad, so any input is appreciated!

like

Additional Posts in Consulting

Now it's American Airlines' turn. 😜

like

Proven tips and success stories to improve public speaking? The pressure gets to me and a word salad just comes out of my mouth

like

For people who are AWS SAA certified, what is a good reading resource (book) that I can rely on, instead of on online course like Udemy. I somehow feel good only after reading some material than listening to the classes. Has anyone passed the exam just by reading and practicing, without watching any videos?

like

Studying for the AWS SAA. Do I need to the hands on labs in the training (using udemy) or is the exam more theory based?

likefunny

California minimum hourly wage for the fast food restaurant workers is now $22. Do you think several of these fast food chains will shut down their operations in California?

like

Tips, articles, videos, books on career planning?
I know consulting isn’t a long term career option for me, but I have no 1, 3, 5 nor 10 year plan/idea.
Did you join consulting with a timeframe/plan?

like

Anyone thought of Halloween costumes yet? What do u want to be? I'm thinking pikachu!

Those of you who workout in the morning, what do you eat before you go?

like

If nothing else, kudos to Hillary for bigly keeping her composure. I'd have either been 😂, 🙄, 😴,😏...

like

Sunday distraction: can you spot the difference?

like

Responding to LinkedIn InMail - Yay or Nay

I was recently contacted by a recruiter via LinkedIn with a cookie cutter template. Thing is, the content is spot on for the type of position I would jump ship for.

Right now I have excited upcoming projects in my current role. If I were to exit in the future, it would be for exactly what the recruiter is offering me.

If I respond back with gratitude and to see if I can contact her in the future, am I stepping on my own feet & wasting her time?

like

Stay at the Sheridan for 3x points or switch to the Ritz?

Fishers who fly United weekly. How does they MileagePlus compare to a non-airline/hotel CC? Pros/cons?

like