For folks who have been in this gig longer, how bad are Consulting layoffs during times like these? Anyone with experience from 2008? Can anythin be done to help the firm reduce this risk?

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We’re all just along for the ride at this point. Hope you have some savings put away

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Layoffs were bad in 2008. There were voluntary separation package emails being sent, people getting let go daily. I think this situation is a bit different. We will feel the pain as our customers do but I think it will not be as bad as 2008 with a faster recovery.

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Best way to avoid lay-offs for yourself is to stay staffed

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Odds are if you just got hired you’ll have a little bit of grace. Try and make your first project a longer term one.

Layoffs are particularly severe at consulting companies since they are on temporary projects and most are some kind of Sole proprietorship or Partnership. Everyone needs to remember that PArtners are paid through profits, and if they go way down, PArtners who made very large salaries before the downturn are set to make much less, even zero or if negative, might have to contribute something to the partnership. So Consulting Partnerships are BY FAR the fastest companies to react to downturns. I have worked for 3 of the Big 4 and 2 smaller boutiques. Some are completely ruthless for the “Front Line” workers. At Deloitte, they had massive waves in 2007across all of the East coast offices the same Friday (over 3 separate waves). the sad thing was when I walked out of my client office, I got texts all day from colleagues across the coast all day, but got an email from the university recruiting team congratulating me on how well my counselee did helping that week on the university recruiting event that week. Sad but true! It doesn’t matter if you are on the beach - they will typically draw a utilization and sales like depending on level and separate below those lines. KPMG was the best in terms of separation packages, but quicker to RIF. At least that was my experience.

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Will likely be worse than 2008. Consulting and vendor spend will dry up this year at the Fortune 500.

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Do you read the news? These companies are trying to keep people on payroll. Id say that’s a higher priority

Yes in this case I think layoffs may be worse. But also for some reason think the bounce back may be stronger?

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No way

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We had no layoffs in 2098/9/10. But it’s harder to go up, when there is less opportunity. Hiring was a bit down, attrition was a bit up.

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layoff news about Amazon is true or just a rumour ?Amazon

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Just heard EY is about to make more layoffs in audit too

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Is anyone expecting agency layoffs at the moment?

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Hello, I was laid off last Friday as a Technical Program Manager. Any advice on what to do or if you know anyone hiring Program Managers / Sr. Program Managers / Technical Program Managers?

I work cross-functionally with 10+ teams in the org mainly supporting Product & Engineering to create and launch product features.

Any input is greatly appreciated, thank you!

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What’s the best way to negotiate more money during a contract to FTE conversion? My manager and I had the conversion convo today and he said he’d like to convert me immediately and took the action item to do so. In terms of comp he said they should already have what I’m expecting but I don’t think I communicated any FTE number to my contracting company. In this job market with all the layoffs, should I count my blessings and take what I can get or is there wiggle room.
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Layoff in IQVIA?
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At this point in the game it doesn't make a difference where you at everybody is getting laid off at one point or another the only thing I say is try to repair yourself for it if it happens to you

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Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

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