{ "media_type": "text", "post_content": "Heard EY layoffs just started. Any truth?", "post_id": "5f31dc4050578b002d073195", "reply_count": 7, "vote_count": 9, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Heard EY layoffs just started. Any truth?

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I received two farewell emails from colleagues last week and know of two more people being transitioned out of their current role on my project. I think it’s starting.

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What practice are they in

Promos are happening

I heard that a number of internal - CBS folks got laid off. The jobs are now offshored

If you get staffing emails take an older one and copy and paste all the emails into outlook and see how many bounced emails you get each week. I did that when I was at Deloitte and they were saying they had no layoffs.

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Show of hands; who has been laid off because your agency lost a big client? Also, when you interviewed for your next job did you feel comfortable saying that? And do other agencies understand?

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Is end-of-year bonus season a lost cause at this point? (In a firm with no layoffs or pay cuts yet).

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Can we get more information regarding ET layoffs? I don't think we have enough info here, need more. Have friends at EY, concerned for them.

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I have constant anxiety over being laid off or fired. To the point that I’m starting to feel paranoid, reading into everything around me. I need some tips on how to deal with this as it’s crushing me.

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How do I have the conversation with a Partner about writing a letter of rec for a PhD program? Will I put myself a risk of being laid off if I express interest in continuing my education?

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Have you ever been fired from a client? What are the signs?

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Fired without severance...haven’t signed anything yet. Is severance something that can be negotiated with HR? I have a call with them on Monday to discuss.

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How are people "networking" now that we are wfh? I mean, you are barely even aware if people still work in the same company. Previously, you at least saw them every now and then at the office but now... They could have fired half the company and I wouldn't know

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Would you get fired if you edit your department partners’ picture and send it to your colleague?

funnysmart

Given the current scenario, seems like getting laid off is a very real possibility. What is the severance package like at EY, PwC, Deloitte? Just curious

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Newly laid off and considering going into consulting. Has anyone done it with a VC or PE firm? If so, I’d love to connect.

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Analysts who left in their 1st year either (voluntarily or laid off) where did you end up and how long did it take you? Consulting isn't for me and I'm obviously only eligible for entry level roles

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Have you ever seen a client fired in mid-production?

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I’ve been laid off and, as I embark on my job search, I’d like to keep my marketing skills sharp. Any recommendations on must read books, or resources?

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‘‘‘Tis the season for the layoffs

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Layoffs and furloughs thread. What firms are cutting and furloughing? Across all industries.

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Does D give you a severance package when you're fired for poor performance?

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After watching succession it lowkey felt like it was written about the Ford family. Around the time I was watching the show I met bill ford at some event I help organize at the train station being rebuilt. Thought I was on the come up. Couple months later I was laid-off/fired ahah. Wasn’t even a mid manager was just an entry level employee lololol.

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How long and difficult do you think it will be to find a new job if you are laid off in the next couple of months or so?

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If you're on a PiP, is it better to quit just before the end stage, when you get fired, or better to get fired and collect unemployment, but also have a company-based termination on your record

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Mother opened a Roth IRA at 61. What would be best for her to invest into at this age ? She’s not putting a lot in but has very little retirement in general. Would be something to occasionally dip into after 67.

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Can someone explain why should a health system largely FFS still would want to invest in preventative care /outcomes?

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Anyone recently Joined cognizant who has got Joining Bonus . . Is it directly taxed at source for 30% or depands on tax slab of individual?

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What kind of board do you have to write on in your classroom? White board, chalk board, or smart board?

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Show of hands; who has been laid off because your agency lost a big client? Also, when you interviewed for your next job did you feel comfortable saying that? And do other agencies understand?

likehelpful

Is end-of-year bonus season a lost cause at this point? (In a firm with no layoffs or pay cuts yet).

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When a question is asked in the classroom:

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When was the moment that it really dawned on you that you are a full fledged attorney? Mine was when I was a first year and did a pro bono DV case and won custody, alimony, and child support for mom.

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First day on the project and the partner takes out an hour to teach me how to configure (1:1). Uncle D rocks!!!

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Immigration 🐠 - If I have an I140, how difficult is it to get an F1 visa to pursue an MBA? After the MBA, should I go through the H1B lottery process again? What happens to my spot in the GC queue?

If I want to jump to strat consulting, Corp strat, or top MBA from tech consulting, does a strategy rotation program sound like a good idea or is it a step backward? Currently senior analyst (cont)

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Anyone work in product/growth marketing? How is compensation/wlb?

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Question about Grant Thornton maternity leave policy. Can anyone tell me if GT requires a year of service before maternity leave benefits kick in? I was just offered a position that I really want to take, but have been actively TTC. Not sure what to do. (Crossposted from Consulting Moms)

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Maybe off-topic, but I’ve got a question related to taxes and withholding. 2020 was the first year that both me and my wife made full salaries in our high-paying jobs (she’s a pharmacist, I’m in consulting). We don’t do anything out of the ordinary to reduce our taxes, we just put ~ 6% each towards our 401k’s. No house or kids so our other deductions are limited. Just started doing taxes and got a shock that we owe big. Any others in this situation? Do you just withhold a ton extra on W4?

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I have an 84 year old client with about 100K in GIC's expiring in 2 weeks. I want to be cautious and put aside some cash for medical bills should he fall sick. What do you guys do with clients 80+?

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PSA: PwC has unfrozen comp and will be giving base comp adjustments effective on 01/01/2021. Advisory on cohort system will be trued up to their current cohort based on FY20 salary and all other groups will receive incremental salary adjustments from 1-5%. Now that’s a Christmas gift!

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Received the offer from EY for M role, on call and email on Wednesday and also received a mail from the partner about it. Told them I will be accepting the offer. Had another offer & already received their contract , now I don't want to say no to the other firm before I sign the contract with EY. Which I am being told will only be ready next week. What is your experience after getting a confirmation on mail, how long could it take ?

Hey Fishes, Had a quick question what is the normal salary for a staff 3 in assurance in deloitte?

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Submitted a resume to a recruiter for a job last Monday. They called me within 2 hours and asked to schedule a phone call. The call went well, and they sent me all the necessary paperwork they need me to sign. I signed it within the hour and sent them an email saying I’m looking forward to working with them. Haven’t heard anything back since then. Is that weird? Does the recruiter actually think I am a good fit for the role? She sent me the name of the company and everything.

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