Hey guys, heard we may be going through layoffs at Deloitte - anyone hear anything?

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Interesting to hear they are laying off folks. I heard from a very high up source at Deloitte that you guys are moving towards a more product based firm and having a bit of trouble sustaining the rate of growth vs setting up new accounts? Also heard they holding off the standard 2 year promotions of analysts and making it 3 ish years... Interesting stuff.

I agree with OP and D4, I am a Manager and last week my partner said he wants me to own some of the work in the practice as he is making some changes at SM level. Now I am 100% sure, by changes he mean layoffs

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Please, you’ve got retired partners pensions to consider. Of course there are layoffs.

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There is zero bench, doubt we have layoffs. Maybe 1-2 odd cases after mid year

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Why would they lay off people when the firm did amazing this year?

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We are not going through layoffs. In fact we have scarcity of resources right now so people we would normally let go for performance reasons seem to be getting an extended stay.

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Yep, counselee got laid off

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FYI, since this thread started, I spoke with a Partner that confirmed there will likely be layoffs at the SM level

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First the ERGs, then the employees

Unless you're talking about advisory

So it is just advisory going through large layoffs?

No, I know of people in Consulting HC getting laid off but haven’t heard of anyone in Advisory

Advisory Analytics is completely oversold. Plenty should be let go but will live to see another year

@D4, it was like that last year; is it still the case this year as well? When are we going to trim the fat?

@d5, we did trim a lot of fat last year. Partners had layoff quotas. I had an SM and two SCs let go on projects I was associated with. All three were correctly identified

@D4 we dissolved?

I heard it from Advisory and potential for consulting

SC2 what do you mean you guys?

@D6 what was the rationale given? Just utilization and performance or what?

In HC?

D4 - that makes sense. I heard we’re bloated at the SM level

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