Hey EY 🐠 I just received an offer, curious what the vibes have been around the economic outlook? Any talks of layoffs? Definitely interested but nervous given the volatility

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Hopefully they lay me off soon

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Severance terms looked like garbage from what I read in the offer letter and the “unlimited PTO” means no cash out 🥴

Accenture to EY is such a LDE move. Switching from a sexy tech leader to an accounting firm.

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Historically speaking, I hardly ever think the top down approach changes when it comes to money. Look at any public firm, the top dogs take unimaginable money, while the people who are grinding make nothing.

It’s funny, money flows on the top, all the work flows to the bottom.

Honestly I don’t have much expectations of that changing.

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I’d be more concerned about the semi-announced split up than layoffs

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I’m sure there’s going to be varying impacts as soon as the economy realizes we’re in a recession, but I think you’re good in pretty much any role you take at EY. Can’t seem to hire enough people for any group at the moment

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If economic outlook is bad, why they give you offer letter?

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What if you got offer from XYZ company?

Having lived through the 2000/01 and 2008/09 downturns at ACN, not sure you’re any safer there vs anywhere else; ACN had a lot of layoffs during both; bottom and top performers. Consulting is a laggard in reflecting downturn impacts. While my practice is aggressively hiring right now and can’t keep up with demand, economic indicators are pointing to an eventual downturn. I know ACN has already started a low performer culling, similar to GS this year. With that said, if you like the opportunity at EY, I wouldn’t let the potential downturn impact your decision since you’ll be at risk anywhere. The benefit of making the move is increasing your rainy day fund.

smart

I got staffed pretty quickly after I joined and that was two months ago

None whatsoever

Some of the service lines at EY is not looking great

Loads of duplication and with the upcoming split people are looking to leave rather than stay.

I recently joined EY and no talks of layoffs. We are hiring in Tech consulting

You haven’t heard..yet

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