How often do people get laid off at one of the Big 4 after one year? Just curious to hear different opinions because I just saw someone on linkedin who is a Tax Consultant at Deloitte work there for a year, and are now back to their old job. Keep in mind, this person is extremely intelligent and knows what they are doing. Just shocked and a bit intimidated to start in PA at one of the Big 4. EY PwC KPMG Deloitte

likehelpfulfunny
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

PwC has a people report. I think it comes out every year around September. It lists a lot of things including tier ratings for that year. Just look at everyone who was rated a tier 5. It also shows turnover (voluntary and involuntary) for each level, which will be interesting to see this year.

likehelpful

I believe it's the global annual review. When I worked at pwc they included turnover numbers, but maybe that was just the internal version? I see its not included in the 2020 report

Usually smart people are less likely to put up with the big four culture since it is brainless work and toxic, can only speak for audit.

likesmart
Recent IconRecent

Maybe they left on their own? Not everyone wants to do those hours.

likehelpful

Maybe they didn’t like it? Why do you assume layoff?

like

Assuming the person didn't leave on their own accord, it is quite uncommon. They'd have to have had huge performance issues. Big Four don't want to lay off college new hires a year in because it burns bridges from a recruiting perspective

likehelpful

Well I don’t know this situation or what’s typical but a ton of Deloitte people were laid off in June and it seemed like a large amount of them had a year or less experience. Also, firing one individual does not equal layoff. And, a performance firing is usually preceded by a PIP.

like

I can speak to numbers of total departures but not within the lens of firings. At one of the Big 4 last year, there was approximately 2.3K departures.

like

Audit Associate 1 & 2 Just surprised because their previous job is definitely not as lucrative in pay as the Big 4 gig they were in.

I’m not in big 4 for the pay, I’m here for the progression. But big partners got rocks for brains and didn’t realize when you take away arguably the only things a firm is good for (social aspect and promotions), nobody wants to work there

like

They have laid off for utilization reasons too which sometimes is due to performance. They would have to be seriously underperforming compared to their peers

I was laid off at the 1 year mark from Deloitte a few years ago. AMA.

BDO 1: I ended up going to a top 3 law school and am now in Biglaw.

like

I agree with D1. In June 2020 we saw a lot or people go. Right around the time when first wave of COVID was at it pick in USA.

I was laid off at Deloitte after a year along with a handful of others in 2016

Was there any significant economic event going on around that time. It looks like that D at the very initial signs of economic slow down take out its chopping block.

It depends, is it a pandemic year??? Is the firm having $$ struggles?

My friend got laid off after 1.5 years, super smart, MAcc, but still got laid off m (I’m sure there were more reasons involved I just never asked)

Related Posts

Just started at another B4, is it too soon to mention to the recruiter I know someone else who’s interested in coming over?

like

Am I being underpaid? Just turned into a S1, getting paid 80K at a big 4 in a HCOL but not NY or SF

like

How does severance typically work when you get fired? Is it a lump sum?

like

Thanks for doing this! Last year it was announced we would see a market correction in salary vs. the other big 4. What we got was underwhelming to say the least. What was the rationale behind this?

like

I fired my largest client today. 🙀 Sometimes it just isn't a good fit. It has to be a fit for not only my client but also for my agency. We're selective about the work we take on because relationships do matter, and strong relationships = better results. Today was liberating. What a breath of fresh air. We are accepting new clients for everything marketing related including graphic design, website design and development, SEO, digital campaigns, product photography, and video production.

like

Im a M at a Big 4 firm working M&A strategy. 10+ YOE, no MBA. I got here with an engineering degree. 200k+ TC. I’m considering a MBA, in fact, I got accepted to a top 20 school and will start part time in just over a month. Is it necessary at this point? Im already doing the work and learning what I need on the job. Do I need to put the stamp on it and make it official?

like

What’s that salary website that members post here on occasion for more accurate salary data from companies like FAANG Mbb big 4 and IB? Not glassdoor, not paysa, payscale, it’s not as well known

like

I hope every day that the assholes that fired me for bullshit reasons (other than my salary was too high and they were awful managers and worse people) would perish in flames.

like

If I was going to make a transition to another firm (possibly Tier 2 or Big 4), when would be an appropriate time to do so? I have about 9 months of experience with IBM thus far. Wait 2 years? Less?

like

Sorry if this isn’t the right bowl! I was fired from my last job due to performance issues. I filed for unemployment and was approved, however my former employer filed an appeal. I’m not even sure what they’re protesting but it’s making me really nervous. What should I do now?

like
like

At a B4 stressed but managing it. Partner passed me over for a sr manager but treats me like one (constantly managing multiple projects, driving his practice initiatives and driving 1-2 /$300-500k of proposals every month. Boutique is offering me the TC that I won’t make here for 3-4 years - same level, more focused scope. Also talking to a tech firm that will be a slight bump (10-15%) but likely 25% less work/stress. Worried a little bit about career progression. Thoughts?

like

Question for the more seasoned consultants, these layoffs and overall downturn in our industry, is it an annual cycle? Or is this abnormally bad

like

is there anything you can do to a previous supervisor who screwed you over due to discrimination ? Reported her to HR but not enough to get her fired.

likeuplifting

Anyone else ever feel like they are going to get fired every day?

like

How common is PIP in consulting? When someone is fired in consulting, is it normally preceded by a PIP, or is that the abnormal case? (Talking firms 1000+ people)

like

Anyone move from Big 4 to Grant Thornton? Any major differences? Thinking about switching.

likehelpful

Hi all looking for exit opportunities to the big 4. Been unlucky with ICAS exams and have 1.5 years exp. glum thinking I will have to leave once tier 2 visa expires :( any support is very appreciated!

like

Clients spent 20 minutes during the middle of a meeting to shit on BCG for getting them laid off from their previous jobs. How's it feel to be the Bobs?

like

How important is it to get your CPA in the long run/ outside of big 4? Would CFE be beneficial? I’m a forensics staff.

Additional Posts

Late flight and Uber driver leaves with my luggage. Chase his car. Another car honks. Both to no avail. Now late. Suitcase has work clothes for tmrw. Working on getting bag back now. Lesson learned.

likefunny

Starting a new job at the firm tomorrow. What are some tips to start off positive and make a great impression? Also any tips on how to manage up and set boundaries. Role is virtual and it's a manager position. Thank you!

like

Any one working on healthcare idea? I’d like to contribute which ever way i can…

like

Just started at another B4, is it too soon to mention to the recruiter I know someone else who’s interested in coming over?

like

Is the interview process to get into IBD harder or easier than top consulting firms like BCG/McKinsey/Bain? Where do the truly smart people work nowadays?

like

Only busy season benefit: save 100% on food costs and that mileage expense.. ready to pad my checking account.

like

Leaving the firm and the country. What do I do with my 401k? Any suggestions would be much appreciated. Don’t plan on returning to the US anytime soon and I’m in my late 20s.

like

For H1B holders, how many of you are currently working at a different location than the one you originally filed due to wfh? How does your firm respond to such a request? Any risk you see? Thanks!

like

Anyone else’s recruiters fallen off the face of the earth this week with the holiday coming?

like

Am I being underpaid? Just turned into a S1, getting paid 80K at a big 4 in a HCOL but not NY or SF

like

How does severance typically work when you get fired? Is it a lump sum?

like

Bringing a crying baby on a Monday morning flight should be a federal crime, right?

likefunnyuplifting

Thanks for doing this! Last year it was announced we would see a market correction in salary vs. the other big 4. What we got was underwhelming to say the least. What was the rationale behind this?

like

Anyone know an EY recruiter or RM? I just applied to an RM job posting and would like to make a personal connection.

What's the best way to prepare a business case presentation? I've been invited to a final round interview for a medical device company as a process optimization consultant. They sent me a client case study. In the case there are pain points of the client, and some numbers to analyze their workflow and recommend them to use their medical devices for process improvement. I'm not sure how to stucture it. how would you approach it?

like

Did any US citizens move successfully to Europe? I have a medical thing, as a freelancer I can’t afford healthcare here, and I’m afraid I will become broke and homeless living in NYC. I want a better quality of life, and to just live while I still have time...

like

Got a new work phone during covid so they didn't ask for the previous one back. Got a new job and they still didn't ask for the previous one back when I resigned. I want to give it away - is there a way to remove the company management services?

like

Hey guys, got an offer from a niche consulting firm with a great reputation. Their pay is lower in comparison to market but is currently higher than mine. Would it be appropriate to ask them for future Green Card sponsorship / include it as part of the offer letter (obviously, upon meeting satisfaction requirements). Need your advice on negotiating here. BTW, I’m from the UK.

like

Ladies who also abide by the “expecting better” philosophy that a glass of wine every once in a while is totally fine during pregnancy… I am going to a work women’s happy hour tomorrow. Yay or nay on using my weekly glass of wine? (I am clearly pregnant and people know I am pregnant). I kind of want to but I also fear the judgement and having to explain myself…

like

Qn about SPG platinum breakfast amenity - is it valid only once during the stay or for each day? I'm told I can use it only once during the stay 🤷🏻‍♂️

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.