I know that it’s Saturday (I already touched grass, ya jackals) but can we do a list of major layoff counts?

Guidehouse - ~300 July 2024; ~400 March 2025. Very senior folks including lots of partners.

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EY offshored a big chunk of their talent function and have been doing other layoffs across the firm no idea the number.

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I know for sure they’re hiring talent in Argentina for half the salaries of the people they elongated in the US. We will see how that works out for them, probably doesn’t matter since they’ll save money.

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Just heard IBM had >10k?!?!

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Yes, IBM is huge. The layoffs were across all businesses, not just consulting.

Damn thought u were posting your comp progression

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BofA (150 junior IB roles - A/VP), Goldman Sachs (1,300 mainly VPs), Morgan Stanley (2,000)

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Those companies always lay off the bottom 5% or so around this time. Is that in addition to that?

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I knew there were Partners in June last year but didn’t know about that this time around

Yes, mostly June/July 2024. A few partners were impacted this month plus a few directors.

Are the March layoffs based on contract cancellations? Or just their yearly layoffs?

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