Has your company started taking workforce measures e.g. layoffs, leave without pay, delaying promotions, stop recruitment?

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Nothing yet, still trying to hold tight the current projects were on and convincing clients that just because we’re WFH, you won’t notice anything different

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Has yours??

Nothing yet. Curious about practices in other firms.

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Yes, I’m at a boutique. They’ve started layoffs, and they are holding bonuses and delaying promotions. Sucks.

Unfortunately, I was affected. If you guys hear of any firms still bringing anyone one, let me know. I know many of them are on hiring freezes though. Stay strong ppl!

Nothing yet

I’ve heard from previous consultants that during 2008 they deferred a few offer start dates by 6 months

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Layoffs at Walmart corporate 😬😬

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How is everyone feeling amidst these layoffs? Hope everyone is taking care of themselves!

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MBB AP about to exit to non-FAANG tech. Would you expect a signing bonus and/or pre-determined severance pay if things don't work out with the new company? Anything else that people have negotiated during their exit? I'd be leaving a large amount of bonus on the table to leave before the end of the year.

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Any layoffs in Luxoft , will there be any difficulty for bench employees

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Throwing this out there. My company was recently acquired and I was laid off yesterday. I’m currently 6m pregnant so looking for a company that isn’t going to have a problem with my giving birth in 3m (looking for a miracle). 13 YOE in Marketing (Brand, Digital, Product, Ops). You name it, I’ve probably done it. Team management exp but not required in next role. Just looking for 100% remote, flexibility, and company that puts families first and won’t give me a hard time about doctor appts 🙏🏻

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People are getting laid off and I'm over here like "pick me pick me"

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Lots of people loosing jobs due to Layoffs. Please ping me I can refer you in Accenture!

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It’s hard to be motivated when rounds of layoffs happen and you see all your friends leave. But one thing that’s gotten me through all of this is working out. And when I say workout I mean the most pathetic, sad, barely completed beginner-level cardio dance routines. I’ve somehow forced myself to move while on lockdown and it’s somehow forced me to feel better. Whatever you’re doing, wherever you are: get up and move even if you don’t finish or end up going on a walk. Pls take care of yourself❤️

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If I just chill on the bench for long will I still only get fired at the end of the year?

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Is it just me or do 90% of the jobs being laid off by big tech sound made up? Many job descriptions with multiple bullet points that all kinda revolve around the same idea. One of my buddies works for a big IT company and literally just sits on meetings all day. No one really contributing to anything other than agreeing to whatever the speaker is saying. Are these kind of jobs finally being exposed? Six figure employees getting paid to sit and bounce ideas off each other?

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Any insights on bonus and hike? What should be the expectation considering recession and layoffs?

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I was fired after I reported a partner for a serious (criminal) ethics violation. The firm covered it up. Are all companies like this in the end? I’ve lost my trust and don’t know how to start over.

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Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

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Anyone else hear that post-CRT partners will get fired this year in commercial advisory? How the hell does a partner get fired....

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I seem to go through this cycle where I'll try to fix a problem, fix it and then go back to my old ways. I'm trying to fight against it but basically my performance review is coming up and I think it's likely I'm going to be let go because of my failure to meet expectations. Earlier in the year I was going through a rough time and working through it, I have gotten better over the course of the year but I feel it's not enough. I got fired from my last job. I'm so sick of this cycle

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Review coming up. Is now an okay time to ask for a raise? Part of me is nervous if I get a raise I’ll be the first to go if layoffs happen with the way things are going right now

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I still think Biden is going to win this. Just not by the landslide we hoped for.

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Then: Hi

Me: Oversharing personal stuff

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