{ "media_type": "text", "post_content": "How often are people fired or laid off at your firm for performance reasons? \n\nDo you find that under-performers are typically just counseled out at each promotion cycle?", "post_id": "5f919ca16c276f002f9b4079", "reply_count": 2, "vote_count": 1, "bowl_id": "5d7901c370a602001eff88c8", "bowl_name": "All Things MBB" }

How often are people fired or laid off at your firm for performance reasons? Do you find that under-performers are typically just counseled out at each promotion cycle?

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

Follow up question: Do people always get search time or are they sometimes told to pack their bags that day?

like

It very rarely happens in non promotion contexts. You generally will just not be promoted to the next level. Wildly varies on the percentages there (some promotions are like 90% get it but some are 60%). If you are counseled out for performance reasons you're always given transition. You would only see immediate termination for cause (e.g., HR violation).

smart

Related Posts

Just sitting here thinking.. Dang, I got a 3% annual raise. I feel worthless to my firm. I should leave.

like

Layoff news from Deloitte! Is there a pattern?

like
like

What is the average duration at Director before promotion to MD/P at KPMG?

like

Ranked a 2, bumped up to SA2, and got a whopping 2% raise. I'm making it rain now!!!

like

What is the path to a GC for a senior associate on a TN? I’ve been with my firm since college (2 years) - firm policy is that they initiate the process after a two year tenure (and provided you are senior associate rank, at minimum). Will I be able to pass the PERM evaluation? If not, would things get easier with a subsequent promotion? Or would it be best to lateral to a new firm and start the process there? Sorry, super green when it comes to this

like

Why did Deloitte’s federal practice have layoffs? Given that the clients are large government entities. I can understand it happening in commercial but federal makes no sense

like

If the big4 has an up or out model, do a lot of senior managers get laid off? Not everyone can be a partner/principle. How long can someone be a partner/principle for?

like

What is the separation package Deloitte consultants got for layoffs?

likefunny

We're people already notified if they are getting any kind of year end bonus or raise around start of FY18?

like

First year level 9 (consultant) expecting to hear about pay raise this Wednesday (will be minimal) I am leaving the firm and new offer wants me to start on 11/26, should I ask to start 12/4 so I can..

like

Come on already..... ready to find out promotion decisions. Pray for me FB fam.

like

Happy layoff hunger games

Post Photo
likefunny

Declined a job offer with 18% raise a few weeks ago because I wasn’t ready to move companies. Starting to regret it but took a risk hoping I’ll love my next project. How will I know if I made the right decision?

like

I’d love some help thinking through this. I’m currently renting for $1600 base ($1800 total) and live in the least desirable part of town, and expect it to raise to about $2k/month. I was planning to buy my first property in the city and Airbnb part of it, but it will take me about a year to save up the cash (~$500k starting). Eventual goal is to move more rural but trying to build to FI. I found a property in my ideal dream location for $280k but it needs work, and can’t Airbnb it. Continued

like

After talks with my regional marketing team (RMT), each of us feels that we deserve a raise and have been underpaid since we began. We are the most productive RMT, we drive global scaling with our work as examples, and train up our counterpart teams across the globe. All of this with half the team members of the other teams and within two years of our existence. Does anyone have guidance or advice on how to raise this type of issue, and how to seek a raise both individually and as a team?

like

Wanted to wait until after promotion notification to bring up a transfer. How long to wait now so it doesn’t seem too obvious that was my reasoning? I have about five months before I need the transfer

like

If you get laid off as green card holder, do you have to go back to your home country? Can I take contract jobs while searching for full time?

like

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

like

Additional Posts

I’m thankful for this app as I was able to land a job and is now enjoying my new role in technology consulting in Oracle. I had background in consulting because of Accenture and Big4 companies I joined in the past but because of pandemic, I had to move to high paying jobs and now earning 68% more. Thanks to all who have helped me and shared their advices and experiences which were very instrumental in my journey.

likeuplifting

I was due for a promotion but then covid hit, and during the peak of layoffs/furloughs, I was given the run-around that we have agency wide promotion freezes, etc. Over the past month, a handful of people have been promoted. I know everyone's situation is different but I can't help feeling snubbed. How do I know whether they are genuinely trying to promote me and can't, versus them stringing me along for as long as possible? I dont want it to come to having to bring another offer to the table..

like

Hi, Just wanted to check if there is no one here who works in marketing. I get these notifications people getting job offers from big tech firms for software roles. Give a shoutout you marketing folks!!! Oh btw, why do marketing people have to compromise on salary? I can't believe when the company tell me that 30 lpa for 5 yrs of exp is not industry standard. Can you suggest some good companies which provide good salaries to marketing professionals? Thanks, Another marketing fella

like

Anyone here working at Redhat? Looking for a referral, I did Big 4 and MBB.

like

What's everyone's thoughts on job hopping? How frequent is too frequent? Are there any benefits to frequent hopping?

like
like

Hi ladies! Has anyone ever had a mental breakdown on the client site? I almost reached my breaking point after dealing with a psychotic PM for 7 months yesterday on the site and cried in the bathroom.

like

Any M 🐠 in their early 30s in San Diego area want to chat and maybe meet up? F/30 here

like

Does mbb strategists do strategic planning or is that a different type of strategy?

like

Are there any pros to being a third year analyst if you have no intention of becoming a career banker?

like

That look when I receive an email about a new Teams Channel where I find an update instructing me to sign up for team updates via Yammer and training via Zoom.

Post Photo
likefunnysmart

Do you ever get conscious telling people that you work in HR? I feel like there is a stigma against our profession.

like

Large team event ideas in-around Newyork (travel should be less than an hour from dowtown) ? Say group of 30-40 people !

likefunny

Have an interview with the hiring manager for Solution Engineer at a start-up tomorrow. What are some main things/skills I need to demonstrate to them as a potentially great Solution Engineer? How can I best prep if he asked me to do a demo: should I make some PowerPoint in advance?

like

First time I interviewed at my current firm I didn't make it past my second round due to a bad review from an interviewer. Applied again a year later and got hired. In between that year, the interviewer who wrote me a bad review got fired due to poor performance. Moral of the story, it sucks that one person can mess up your job search so badly but don't give up! Often times it's not you, it's them!

like

What do exit opps look like for folks in the Oracle practice? I’m a C in oracle and I don’t want to take my next certification. I’m concerned because I think oracle experience is not very transferable to tech

like

My principal approached me in the car pick up line on Friday to inform me that I’ve taken to many days off & school has just started. I took 1day off when my daughter tested positive for Covid, I had an doctor’s appt that had been scheduled 6 months ago to see the hematologist. Being that I’m anemic, current labs showed I need to have 2 iron infusions. I put in for 2 more days off to have that done. He told me in the future to wait until a work day! We done have any until December!!

like

Mindtree CTC contain 12% variable/bonus. Do they pay that 12% as part of monthly salary. Are there any clause on this part of CTC? If in case you are not part of project, than is this variable is still payable?

I have an interview with Guidehouse coming up. Any tips on what to expect? Also curious about pay for the senior consultant role. Guidehouse

like

Anyone looking for a freelance graphic designer or illustrator? Just got laid off, and could use something to hold me over.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal