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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

likehelpful

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.

likehelpful

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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What got you fired or almost fired?

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Wondering how Accenture is doing with layoffs? Is it a viable company to consider?

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Any reviews on Intel Corporation India in terms of work culture, growth and WLB?
Got an offer from Intel labs at Bangalore
Grade: G7, Base 37L, PB 4.5L, RSU 35k USD (3 years) , JB- 8L
TC - 55L for two years

Mainly looking for a collaborative environment with growth and WLB. Is it safe to move to Intel now given all the talks about recession and layoffs? Also , does intel provides any yearly refreshers based on performance? Thanks!

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Is it normal to be given a severance package and encouraged to file for unemployment when being fired for "performance issues"?

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Are you ever surprised by the coworkers who DON’T reach out to you after you get laid off?

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The worst creative I’ve ever worked with was just hired by W+K. Never made any decent work. Didn’t care about the work. We got awesome briefs creatives dream of and they wouldn’t lift a finger, putting extra work on the rest of the team. They mostly went unnoticed in the agency except by the people on their immediate teams who hated working with them. When we found out they were leaving, everyone assumed they got fired. So how does this person wind up at W+K?

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Any creatives in San Fran? How do you survive the cost of living? Hell, NY for that matter too? What kind of world is this when you’re pulling 100K and up and you’re a layoff away from being homeless?

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just my 2 cents for everyone panicking about layoffs, partnerships probably won’t face layoffs the same way tech companies are…

these tech companies stocks are getting wrecked and they have to show their shareholders they can lean down and improve or they’ll lose confidence in them and it’ll get even worse for them. unfortunate but that’s what corporations do🤷‍♂️

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When you get added to the Laid-Off Bowl but haven’t been notified that you’ve been laid-off

likefunny

Hello all,

I have got an offer from vmware but I have heard that vmware layoff employees a lot. Can anyone please put some light on the layoff situation in vmware. I am really confused

Thanks

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Have you ever negotiated severance or a guaranteed exit package as part of your offer letter? What have you seen for Group Director roles?

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For all fired this year, do you put on your background check (for a job offer) that you were discharged? Heard EY doesnt share if you were fired or resigned, so am wondering what others are putting...

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Hey everyone,

Need some thoughts. (Shows analyst on FB, but I've since been promoted). Basically I have had all amazing reviews since at my firm. Currently on a project where I am feeling super burnt out and as a result im not taking initiative and therefore performing poorly. I believe my next review will be quite poor. Does anyone have any advice on managing this / perspectives I should have? I am pretty worried that I will get fired and if that happens idek what I would do.

Thanks

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Where are the layoffs? I heard Mullen in Boston 100 people, Anomaly big numbers, McGarrah Jessee in Austin 10% of all staff, Giant Spoon, where else hit hard?

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Did that epic post about someone getting fired for posting on social media get reported/ deleted? Booooo

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PPD on my project acknowledging the PDM people on this TSA project are staff augmentation ppl who will be laid off when project is over. Said having them allows us to (contd)

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Just got a verbal job offer! Has anyone successfully negotiated a decent severance package? What did you ask for and what did you get?

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Work for a smallish startup and just found out that a significant chunk (>20) people are getting laid off in the near term. Should I tell some of them in confidence? Leak it?

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