Guys, I work in products. Can someone ELI5 what's going on with all these FS layoffs?

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At PwC, the layoffs are the result of current projects drying up (like mortgage lookbacks) and the loss of key accounts to competitors. Our leadership had ridiculously aggressive growth goals and now that they can't meet them, people across the board are getting let go

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Holy shit at Accenture too???

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Haven't heard about any layoffs in Accenture, but an MD for security consulting in the financial aervices sector did just leave, don't think he was laid off

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Apparently Accenture has a hiring freeze though. Heard it through another consulting grapevine forum

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Yeah the hiring freeze is accurate. Heard it from an internal capacity lead.

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Thanks P1.

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I was a month in as Workday HCM Consultant with Accenture. They immediately throw me into the HCM courses to obtain my WD HCM certification. There are three parts HCM Essentials, HCM Applied, and HCM Practical. The passing score is 70 or above. I scored a 62 on the Essentials portion, I passed Applied, and at the end of this week Practical. During class, I received an “immediate connect” Team call and I was fired because of my low score. I'm devastated, and shocked. Yesterday was my birthday.

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Any news on layoffs/recession in banking industry?

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What happens when you get laid off? Do you get to stay until the end of the day? Do you say goodbye to people or try to leave without anyone noticing?

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Does anyone have any knowledge re: typical severance packages for NPs that are laid off?

Is anyone worried about layoffs?

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Just got dinged from my dream role at McK and feeling pretty down. I got laid off soon after my wedding in September (low utilization and not a ton of work coming in for Q4) and am having a tough time

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It's layoff city here in Southfield.

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Laid off by ZS, today

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If you are fired at the end of a PIP (ie 30 day performance plan) what is the most common practice for severance? I know companies are not entitled to give you anything and especially if it’s a firing not a layoff.

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Lots of talk about inflation, layoffs, hiring freezes, pay cuts, and stressful job shifts lately. Does anyone have any advice or encouragement to share for those who have been impacted or fear that they will be soon?

How is C&M in deloitte? How is the work ,bench period, hikes,any layoffs in past in c&m .One of my friend will soon be joining!

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Larsen & Toubro Infotech Hi folks, Please help me which organisation should I go with Citius tech or LTimindtree? As recession is approaching and due to which layoffs are going on as we all know so which one is more safe to join. Please share your thoughts, which will help me to take the decision.
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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.

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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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Anyone got piped in Amazon.

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Does vmware layoff employee very often ? I heard that every year they layoff twice or thrice.

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

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