Has anyone noticed consulting severance has gone from 1 month per year to 1 week per year of service? This in top of other cuts in benefits such as PTO.

likefunny
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I got 6 months when I left McKinsey, and I had 18 months of experience

Def isn’t a 1 size fits all

likehelpful

At Guidehouse when they did the big lay off last year… I got 2 weeks for 1 year of service. My coworker who was there for 5 years got either 5 or 6 weeks (1 additional week per year of service) Insane.

helpfullike

You guys are getting a week per year?

Mostly kidding, but I have heard horror stories of people getting a flat two weeks regardless of years of service.

helpful

KPMG is one week per year of service. And we now have “unlimited PTO” so they don’t have to pay anything out. Thats okay, I’m taking a lot more PTO!

helpful

Ours has remained consistent

Even at the big 4? I thought it was just my shitty firm

I got 6 weeks when I got pushed out of McK at 11 months

That was 4+2n where n is the number of years rounded

Source?

We get two weeks per year and extra two on top.

We have employment agreements. Read your’s.

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