How common are layoffs for 1-2 year consultants in advisory?

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

Huh SM? That sounds like being laid off to me. Are you saying project specific too? I've worked with banks, but I wouldn't consider myself cheap labor. I'm in analytics

like

Feel like layoffs happen in areas that aren't really growing and also happens more in the higher ranks where salaries are greater

like

The layoff vehicle is not used. They just let you go. Very common, especially if you are on an engagement which focuses on regulatory work for banks, insurance cos etc. You're brought on as cheap labor.

According to SM1, I won't have a job soon 😂

I'm saying there won't be a formal firm/market advertising layoff. People will be let go, as sales are greatly diminished.

Sales are down rn?

Related Posts

Hi,
As of now I got into PIP so does it indirectly means that i will be fired.?

@PWC is worst company for freshers. They are force innocents to resign by themselves and threating then to not to mail anyone and not share this context to anyone worst company, if layoff means ok removing and threatening to not to disclose to anyone means the have lost every single moral. Don't fall trap in the brand name @PWC.

likefunny

Blue shield of CA fired 375 people. Any other insurance companies having massive layoffs?

like

Boomer. I am in between jobs. Laid off in 10/21 after 16+ yrs, with an ABA firm. RIF. Still on excellent terms. Took my time living off generous package and didn’t seriously start applying until 01/22. Made a rookie mistake and accepted first offer.
Turns out job wasn’t as advertised. Mutual parting of ways 3/22. Due diligence is critical.
Now interviewing a LOT. Some temp work, I still have “it”. I relate to all gens. Willing to mentor AND learn from all. Tech savvy, CTE from day one. Leads?

like

I asked for a raise and instead got laid off. Told that after looking into finances not only can they not afford a raise they cannot afford me. But I know for a fact they are replacing me with an Agency that say they can run our Social Media for 500pcm. Is this normal practice these days?

like

I have heard lay off happens in CitiusTech, is anyone aware about this

like

The partner in charge of my office had a nearly hour long conversation Tuesday with our new hire, behind closed doors. I didn’t hear yelling, but the bits I heard weren’t good. Will he be fired?

like

I’m a Junior accountant, recent MBA grad in Finance, located in NYC, just got laid off due to a merger. Anybody hiring or know any opening positions?

like

Just got laid off today.... anyone hiring account executives? 3 years experience working across integrated campaigns in multiple industries. Hungry and eager to get back into the weeds!!

So are the layoffs at Deloitte over ?

Have an interview with a company I really want to work for tomorrow. My last job I was laid off b/c of an acquisition&recently accepted a job at a diff company b/c I couldnt afford not to. I got this invite shortly after. The place I’m interviewing at the job wouldn’t start til next year. I dont want to seem like a job hopper. Do i tell them I’m at a new role or just not bring it up? The acquisition was public so they can see Im no longer employed with the most recent work history on my resume

like

Which agencies are going through layoffs

like

Do you take the current economy into consideration when receiving job offers? For example you receive a good offer from a company like Meta/TikTok but are hesitant because they could be laying off soon or rescind an offer versus a lower offer at a more traditional and stable company that tends to be less reactionary with regards to layoffs? Not my current scenario but just curious. I would like to make a move from current employer but this economy has me spooked.

like

Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

like

How much severance should you expect after getting booted after 1 year. I got 3 months salary

like

Hi connections, I was fired by my company Home Credit yesterday, 70% of my channel has been fired. I worked here as an Engagement manager. I lead the project of inhouse products where I deals with B2C centric markets( Usability of products, cross-selling, contact policies, PNL setup, awareness etc) as well as the B2B centric marketing segment ( end-to-end project management, defining performance metric, gathering information, recommendations etc). Plz give me a reference, connect on 8544357887

like

Hi,

Is this a good time to join HP? As they have recently announced 6000 layoffs in 2 years.

like

Hey Fishes,
I am suppose to join BNY Pune on grade I very soon. Wanted to check on how is the bank doing in the recession time. Any chances of layoffs predicted? Is the bank suffering any loss?

like

S&P Global Is it wise to join S&P Global during recession time? Can we consider this company as recession proof. Any history on layoffs in the past ..

S&P Global

Did someone get fired in the new manager training in Orlando after getting drunk?

like

More Posts

Did I hear this right? Pwc trust solutions call will not mention anything about mid year adjustments? All they talked about was early promotions and some bs rtr bonuses

like

I have 2 offers. One in IQVIA as digital marketing manager and second as Product management - senior manager in Japfa comfeed India. IQVIA is paying slightly higher than Japfa.

I want to get into strategy - business in future for career progression. Which will be a better option to select?

like

Loving this new bowl! Please share your favorite business books with me. Topics of interest are personal finance, career, entrepreneurship, and life-work-balance and joy.

like

Anyone got insights on IBM Security? Areas of expertise? QoL? Pay, etc.

Prepared for two month while working. Failed two MBB final rounds. Thinking about reapplying next year. How should I prepare myself for that in this one year?

like

Red red red

like

I like these tsla gains yummy yummy delicioso, GIMME more for my tummy

like

Hi fishes, what are the chances of Pwc AC bangalore rescinding an offer given the current market condition? The role in my offer letter seems to be pretty generic and during interviews, it didn't look like, they were interviewing for a particular project or team. I have doubts specifically because of HR's behaviour during the whole recruitment process where they never responded to my emails or calls. Is this normal practice?

like

Is the ETS GRE-GMAT converter accurate? My GMAT is above medians everywhere but I don’t know how much it matters.

like

Almost midnight here and I'm cleaning my medicine cabinet so I can reboot having a regular skin-care routine. I'm listening to one of my favorite musicals, "Ragtime", specifically the song "He Wanted to Say". Living 9 time zones away from home out of the US and watching the BLM movement there, unable to do anything concrete about it from here - this song I've listened to countless times, today about brought me to tears.

I really don’t mean this to virtue signal - just wanted to share a moment.

likefunny

How is performance measured at MBB?

like

Anyone who has started up a side hustle whilst working in consulting - is it generally a good idea to let your employer know or will they make your life difficult/try to push you out if they know?

(Context - I need the extra income to have a shot at affording grad school, I work for a small boutique, job contract was ambiguous on the issue. Side hustle is selling stuff I make as a hobby on Amazon)

Thanks!

like

How do first rights (ROFR) work at ones death? If the company has the right to shares anytime there’s a transfer of possession, does that mean the inheritors have to make an offer to the estate for the shares and obtain the boards approval/rejection of the offer?

like

I've been approached to advise a SAAS startup, series B roundwise, with a 4-5 hours per week expectation max. How would you figure out how much equity ask for (company is valued at 54m USD)?

like

Hi Anyone working atos for manulife/John Hancock insurance client. How's it in terms of work life balance, avg yearly hikes, growth and onsite opportunities.

How many hours a week are you working? I’m generally clocking about 50-60 and I’m exhausted. I’m busy, but it’s mostly because no one I work with has any boundaries.

likehelpful

anyone ready for AJ Brown to finally show out?

like

Hi fishes,
How is the wlb in Amex?

likefunny

Trying to make the switch out of law. It’s not for me. Been in transactional RE work for a while now and I’m ready to move on. I’ve got an MBA as well so looking to try to find a career that would allow me to use my business background and actually help make business decisions. Would love to try consulting. Does anyone know where I should look?

like

Additional Posts in Consulting

Fishbowlers - do you book your vacation and ask for forgiveness later, or ask for the green light from your PM and then book?

like

Top consulting firms in the aviation / urban air mobility space?

like

Looking for some book recommendations :)

like

No promotion for me...time to quit!

like

Need a good recommendation for a home office chair. I work from home a lot and need a new chair. My new one isn’t cutting it for me- it’s not comfy and I have lower back pain.

like

Hey all, new hire here! Going to receive a $250 wfh credit; any recs on what I should get to build out my home office?

like

8AM Sunday Scaries 😬

like

What are some of the best consulting firms for a software engineer? Is MBB still considered elite in this area too?

like

I have an informational interview with a Managing Director on Friday about a manager role. I currently serve in a client services role and do not have traditional consulting experience (billable hours, etc.). Additionally, while I’ve worked with McKinsey, Accenture, McKesson, and other teams on major projects, I don’t have experience putting together the strategy, more of a support function. Feeling a tad intimidated! Any tips would be so very appreciated!

like

Any really impactful books that have helped you career-wise? Not necessarily consulting focused. In need of guidance and a new book so figured I'd kill two birds with one stone or whatever.

like

How do you feel when you beat a spoiled dude from McKinsey?

like

Staffed on a project which seems to be heading for disaster. Oversold and understaffed. Is my performance going to be negatively impacted by other's failures? Such thing as guilty by association?

like

How much severance should you expect after getting booted after 1 year. I got 3 months salary

like

Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.

McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte

#ClimateChange #Sustainability #Water #ESG

like

Uber driver at 5am - "Airport? Ugh I hate driving there." Uhh, it's Monday at 5am, no one except consultants are requesting rides...

like

Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?

like

Question from a newbie consultant - What are some good online courses/ books to improve consulting skills?

like

am i automating myself out of a job? writing a lot of SQL and upper management asks for the code directly 🥵 obviously want to deliver but i feel like i’m losing my power.

like

MLK and all of us at 300 Madison are droning around the office shooting the shit. 🙈

like

What does a product manager do at a tech company? Is it comparable to a strategy consultant?

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