I keep reading all these posts about firms laying off a ton of people. Can someone explain what happens after one gets laid off? Like do they just fire you and that's it? What happens to the pay? Etc.

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Honestly, it wasn't handled well at all. Was really sad the first couple of days but now I'm somewhere in between plotting my success-is-the-best-revenge plan and planning a vacation with my points/miles

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Exceeded. Very high utilization rate despite being a first year. Even during my exit interview they said it had nothing to do with my quality of work. But they timed it with my roll off date and there was apparently nothing upcoming in the pipeline.

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Started at PwC in Aug. Currently trying to get the F out of here.

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Rule #1: We are all mercenaries

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At PwC, they give severance based on your contract and it's 2-6 weeks depending on years of service. I was given the bare minimum but was able to negotiate a couple weeks more. In terms of notice, everyone I know (myself included) was notified day-of. It's really shitty.

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Hey if they're willing to interview you, they've already seen my resume. So as long as you can clearly articulate why you're leaving. You're good. That's my opinion. Rule #1- look after numero uno (you) when it comes to you vs. firm

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Yeah, it's been made apparent the past month that the firm is only out for itself. #1 reason why a lot of my friends want to leave... Though I'm not sure how different it is at competitors

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So safe bet that only FS is doing layoffs?

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@PwC1 you shop around and apply to other jobs and save your money

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Sometimes you'll get a few weeks of severance pay and if you have someone in another practice who can sponsor you then you might be able to switch but besides that you are let go of the firm.

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See, that doesn't make any sense when I've seen people on my team sit on the bench for weeks and weeks with nothing in the pipeline. I'm not saying I don't believe you, just saying there's no consistency.

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It really depends on the market, I know people who are still on the bench but are in a market that's expected to pick back up (northeast). Meanwhile, I was west coast and the market I was based in was never strong to begin with. They cut all the MC associates in it along with more tenured folks

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But I agree, it doesn't make much sense when the nature of consulting is flying around to wherever. But partner told me when I first joined that PwC was trying to be more localized so maybe that's it? Honestly, when you figure it out, let me know

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Yeah I had a few friends text me saying that Dan Ryan was really shifty the entire time and said not to worry but then named all the key accounts FS lost 👀 I wasn't given any chance to transfer to TICE, it was all so sudden. But my friend told me TICE is about to start layoffs of their own so not sure it would have been feasible

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^ I probably know you.

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Wouldn't be so sure PwC 2, he/she sounds like at least 10 people I know from training who are actively looking elsewhere

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How bad does it look (to the prospective employers) that you're tying to move after ~6 months

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That's the thing- I feel like the environment is exactly the same at EY, D, KPMG, etc. obviously not at Mck etc but that's not happening anyway.

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I've heard rumors about TICE and HIA but they are tumors so take it with a grain of salt

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@PwC That sounds terrible... Sorry I don't mean to pry, but how was your performance? On a scale of exceeded expectations to did not meet expectations, where would you say you were at the time that they laid you off?

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I’m so worried I’ll get laid off. Last week I was slammed, but this week is slow, and I’m just so anxious...

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Layoff in IQVIA?
@iqvia

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I think I have work trauma not sure how it’s clouding my ability to make decisions. I’ve had unstable work after being laid off from a company 3 years ago. I thought I worked out a plan to get to a stable place but my job is proving to be unstable yet again. I secured a FT role at another company but because it’s a lot less money I’m unsure because I feel very cynical about companies in general. I assume it’ll be just like all the rest but now I’ll just be making less and could get laid off.

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Some BS I noticed that I’d like to call out…

As we’ve all seen there have been layoffs happening left and right. However, there’s a right way to handle the situation.

Lyft isn’t one of them. I was with the company earlier this year on a contract to hire role that was ended suddenly. Then, yesterday I saw on LinkedIn that most of the team was laid off (including team lead) YET I’ve had a recruiter reach out to me to apply to my same old position with the team but…

-continued in comments-

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PROPOSAL: Can we start naming names with respects to layoffs, furloughs, and pay cuts? Knowledge is power, and the only ones who benefit from vague exchanges of info. are the employers. Thank you!

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Is anyone hearing chatter in banks/FIs about recessionary job cuts or hiring freezes yet?

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What are some concrete reasons why someone in consulting would be fired, other than the obvious stupid things?

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Does anyone think it’s weird that my firm is bending over backwards to try to keep a first year staff from leaving the firm after she was rated a 2 this year. But now she’s trying to leave and they keep trying to push her to stay saying she can be a partner in 8-9 years and laying it all out in detail. The issue is they laid off other staff (all but her) so maybe that’s it? Find it very odd.

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Is there a risk of accepting a role with Upstart currently? I seen a 7% layoff recently for hourly employees but I would be salaried. I am well aware it’s a risk in tech overall right now but curious on thoughts thanks!

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Heard BCG laid off quite a few people this summer. Is this true?

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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?

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Have layoffs been finished for the year or are more coming?

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Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

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Survived the layoffs on friday-but still shook up from seeing a bunch of my friends get walked out all around me. When a layoff happens should I be updating my resume/looking to get off the ship?

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We have a big project going on and I am the only point person(initiate it, did lot of work, and knows the deets well), seems like my mgr wants to get a headcount. But I want to use this opportunity to get promoted, how can I get this across? Mgr is new(they fired my old mgr), mgr’s mgr is new too(re-org). So not sure if I should/can make a case, or how.

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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Hi Fishes!!!
How is Coforge(previously known as NIIT Technologies) is for the Scrum master role on the basis of :
1. Work life balance.
2. Work nature.
3. No. Of teams handled by one Scrum Master.
4. Being Agile forum.
5. No. of reports and meetings for the agile forums not just teams.
6. Layoffs.

Please help me by answering as many pointers as you can.

Location is Noida.

Thank you.

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Does Globant terminates the employment of certain trainees after their probation(3 Months) based on their performance in the training period? Some of the fresher trainees were laid off this morning without giving a notice or reason.

We were told that the probation period is a training period & not an elimination one. It was shocking as a few of those trainees were actually good.

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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

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Anyone hearing noise about layoffs?

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