Have you heard of mass layoffs in bigger consulting firms in Europe?
Mention your country and company as well please :)

like
Posting as :
works at
You are currently posting as works at

F

F

In Germany, this isn't really possible unless the firm is doing poorly. Even during COVID we didn't have layoffs. But through voluntary temporary LOAs, reduced hiring, and natural attrition, firms can get their workforces down to size. But most firms have realized that the upswing in work post-COVID was so difficult that it's better to keep people on for when things bounce back, rather than working on hiring any warm body available.

Adding on… In Germany / Austria (and maybe other countries. I am just familiar with these two), some companies put staff on Kurzarbeit (like a short term leave) during Covid, so employees could still collect “unemployment” from the govt while still having a job to eventually come back to. And it would reduce payroll for the company for a period of time

like

You are legally not allowed to lay off people in Germany (that is, you are only allowed under specific circumstances, all of which usually do not apply to consulting firms). Instead, when consulting firms do not sell enough work, more people are counseled to leave + people are given less time to develop to the next level. This means that there is no chance of promotion at the firm and no "path forward" for your career at the firm, so people usually leave "voluntarily". It happened when COVID started and it happens now because many consulting firms overhired last year.

Related Posts

Hi Sharks 🦈,

Need some suggestions: My current company is on a layoff spree and 2 rounds are already done and I can foresee another round coming very soon.

While I am trying to switch to other companies, I’m not able to reveal the real reason from my side for the job change, as if I say, it’s because of layoff fears than it’ll reduce my negotiation power.

What other reasons can I give as I’ve just completed 9 months here and it’s too soon for any other company to take me in.

likeuplifting

I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

like
like

Looking for emotional support after been laid off and second baby is on the way.

like

Ok so another FAANG has confirmed layoff this week. Amazon joining the layoffs group with 10k layoffs!!

like

Expecting an offer today from Deloitte consulting (commercial). Would love to hear tips and advice on how to react to the call and negotiate/what to negotiate more for. I was laid off back in the fall and will 100 percent take the offer - super excited!! But don’t want to show my emotions. TIA

like

Larsen & Toubro Infotech Is it good time to join Cognizant now for Coimbatore location considering too much attrition in recent times along with many policy changes and do they have enough projects or will there be any chance of layoffs if we don't find any projects for our skill(Tableau in my case)? I have another offer with LTI, Coimbatore for same salary but i prefer CTS more than LNT. Cognizant Larsen & Toubro Infotech

like

To everyone that’s been laid off I just want y’all to know that I’m with you. That is why I’m doing the bare minimum until it’s my time to go.

likefunnyupliftingsmart

Anyone have a recommendation for a career coach - I’m burnt out and hate advertising/digital ? Also I’m was just laid off so now’s the time to make a change

like

Is Deloitte USI specifically in Oracle Cloud Technology, Is it doing layoffs? Level Senior Consultant

like
like

Will companies know that you got laid off if they do a background check?

like

Layoffs at CDM ... again

likehelpful

Exited to a tech company 2 weeks ago. Should I be worried about layoffs… strategy and operations role

like

Having trouble landing a decent job, I am 4 years post bachelors, environmental science. I can not seem to land a job above minimum wage. My last position (horticultural assistant) found myself taking on a good amount of projects that were being left unfulfilled, due to coworker politics (a few co worker’s wanted to see the supervisor fall short of expectations) in addition I had difficulty with my manager( sexual harassment) I rejected their advances, and I was laid off in December

likesmart

Barclays Barclays global service center Does barclays do layoffs ?

like

Losing two key accounts. Layoffs look pretty much inevitable. Any agencies hiring a Project Manager in the LA/OC area?

Does anyone have any advice on how to convince yourself life is worth it when you think it’s not. I’m a 28 year guy, just got laid off from my job, have aspergers, have no friends, can’t find a gf, why do I even try anymore at anything

like

Does any team is facing layoffs problem in American Express. Really a horrible rumors I heard.

like

More Posts

Do you see an increase in ER visits during the holidays? If so why? What is the weirdest story that you are willing to share?

Has anyone received equity as contingency comp? I have a potential client with a founders dispute. He doesn’t have cash, and the other founder ripped him off and is now running the company. He wants to sue for equity and wants to pay me with whatever equity he wins. I’ve never done a deal like that. Is that even enforceable? CA law. The startup is actually quite promising.

like

Has anyone used a coaching service for their firm? If so, any recommendations?

like

Hi,

I want to transfer my previous PF account to the current one. I have signed the Form 13 as well.

Can anyone tell me whom to give the hard copy and also submit the soft copy?

like

Virtual receptionists….anyone utilize this and if so, feedback? If not, thoughts? Start

like

Audit manager here. Planning to talk to partner in charge about becoming a partner eventually. Any tips about what to ask?

like

Vialto Partners - Anyone else out here in the new party? Have you changed your profile yet to Vialto?

like

Is DigitalBCG’s pay ladder the same as BCG generalist track?

like

Love this bowl! Here's my memorial day avotoast + taters

Post Photo
like

Trying to fill 2-3 days somewhere on the west coast (will be coming from Seattle before coming back to the Midwest). Was thinking San Diego maybe - what is there to do in San Diego? Would it be fun solo? Any other places I should go instead? Basically have a full week off after 4th of July, thought I would just chill at home but now realizing I probably want to spend at least some of that time going somewhere.

likehelpful

Although this wasn’t at the airport, these were indeed noteworthy

Post Photo
like

PwC CMAAS or A&M?

like

Any accountant recommendations in NYC? Looking for someone who understands the travel situation of consultants, etc. TIA!

Does anyone have insight into Facebook’s research operations team?

like

Interviewing for a Practice Manager position, what Level should I expect (L6/7/8/9?) Also, any interview prep advice?

like

Finally got my hands on one. I was expecting it to feel much cheaper than it does. Definitely still get the quality feel that Swatch is known for. The weight is nothing like a real speedy, but still looks great imo. I went with the Mission to Pluto as I didn’t want one that looks too much like the real thing, and the Mars/Sun versions had the gauche white strap imo. Overall pleased for $260.

Post Photo
like

ISO woman’s watch for smaller wrists — under 2k-what would you buy?

like

Anyone know what kind of snake? Spotted in northern va

Post Photo
like

BBH opening an office here is great to see.

How long it takes to get laptop from pune office.
I need to go on 1st sept.

Additional Posts in European Consultants

Do you buy insurance when travelling to US for fun? Moved to Europe recently and this will be my first time back in US without employer health insurance - should I buy travel insurance? Where from? Thanks!

like

Has anyone switched from data science "consulting" to Google. And would be open to answer a couple of DMs? Or share their exp. on herr? Thank you

like
like

I’m a data scientist with 6.5 yoe( 1 yr in consulting). I am looking for data science opportunities in France, Italy and Spain, I would appreciate it if anybody can help me with this. I am coming from Canada and will get the young experience visa that is an agreement between these countries and Canada.

like

How is IBM Europe for work life balance and salary?

likesmart

Hi,
Any thoughts on
Plural Strategy ? Types of projects, wlb, exit opportunities, culture?
A recruiter reached out. Looking to do my due diligence before getting started with the process. TIA.

like

What do you see as most attractive exit ops in Europe? In the US, everything is about Tech/FAANG, but it seems way less attractive in Europe (less strategic roles, comp. seems much lower than in the US, very centralized around London/Dublin).

like

Hi everyone,

I just graduated from my bachelors and I have received an offer for 3k per month (incl bonus) from Accenture in tech consulting (level 11), which was my top choice. However, I am not very satisfied with the pay so I wanted to ask:
1. I might also get offers from PwC or Deloitte, are they likely to pay more?
2. Is that enough to live a comfortable life in Amsterdam Zuid?

like

Anyone have an idea of comp at Bain for an internal SM role in Europe (Germany)?

like

I am an SAP TM consultant, and I wish to relocate to one of the European countries or US.

Having a hard time finding a job without a work permit. I’d appreciate if you can help me with a referral.

Also, in case you know of any companies which are actively looking for TM consultants, please let me know!

Cheers!

like

Can anybody from Netherlands explain what a junior manager is at Deloitte? I got a salary range for junior manager from Deloitte in NL that’s lower than the salary range of a starting senior consultant in pwc. I was under the impression manager in pwc is junior manager in D and senior manager in pwc = manager in D

like

McKinsey & Company Hello, any women in Europe with (1-3 years) work experience (not fresh out of undergrad) looking to join a McKinsey Europe office as a consultant? Happy to refer you, DM me McKinsey & Company

like

In Brussels next couple days for work any restaurant or bar recs?

like

Typical tech consulting salary in uk for 3 yoe?

like

Dutch 🐠
Does anyone have any advice for getting an apartment in Amsterdam for an expat beyond the classic apply for everything in your budget?

Currently last year student looking for consulting jobs / jobs in technology. Applying at Deloitte, Accenture, EY, Cisco. What would you guys recommend? Got even some interviews with start/scale ups. Wanne hear your thoughts 🙌

like

How many days/weeks are expected from a candidate (Manager+ level) to accept/decline offer?

likeuplifting

How much does Accenture and Deloitte pay a consultant in Germany and Netherlands?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal