How are layoffs structured if this takes a turn for the worse? I.e, who’s getting cut first, second, etc in consulting firms? Do companies cut out entire practices for under performance or are...

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For large firms, layoffs due to this does not typically happen for several months. No one is sure how long this will last and many are trying remote work, which may be successful. After all, companies are also not grinding to a complete halt.

So before we panic, firms will assess how this quarter fairs and then how business continues the following quarter. Many businesses will ramp up quickly after a crisis like this to recapture their utility.

After 2 or more quarters go by and some further assessment, a firm can decide what actions are needed.

Think of it like this...there is a crisis, firm panics and cuts people within 2 months. Crisis is over in 3 months, the firm need to quickly hire and train new staff. That does not make a lot of sense and loses a lot of great internal talent

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Very good points. There’s been some fear mongering on FB lately with caustic posts about layoffs being on their way. Thanks for the reasoned and informative posts.

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Cont.. decisions made on a case by case basis per employee?

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