How real are the layoffs? Is it only in the states?

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US practitioner here and they are very real in consulting. We are behind plan currently and all of the Offering Portfolios have a higher bench then normal. A combination of over hiring, a softening market this summer, and less attrition to post-bonus have mostly caused this.

FB is definitely overblowing this. If you ask most practitioners in the US they won’t even know layoffs are happening. Those that are being let go are low performers plus those that are in groups with weak pipelines and markets.

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@D1 200 people out of the thousands in US consulting is quite small honestly.

Not sure what you want me to say. I said layoffs are real. Would it be better for me to say I’m scared and we should all be?

funnysmart

Very real. What’s your story? Why did you get laid off

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Not laid off. Just wondering how bad the to-be recession is.

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