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Do we really have lay offs happening in zs ?
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Just want to say Wah-tf?
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Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?
Bain & Company What consulting firm would you pick if given offers from every single MBB/Tier 2/Big 4 firm and WHY?
PwC Deloitte Accenture EY EY-Parthenon Strategy& L.E.K. Consulting Alvarez & Marsal Alvarez & Marsal Oliver Wyman McKinsey & Company Bain & Company Boston Consulting Group
Non-Fiction book recommendations please?
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Given how hard it has been to recruit good talent over the past 2 years, I feel like the recent tech layoffs won't spillover to consulting. Those tech company layoffs were because their business models were either fundamentally flawed or unprofitable with an overreliance on cheap financing. It makes little sense for consulting firms to layoff talent only to struggle hard for talent in the rebound in economic activity later.
A1 - Absolutely, metaverse offerings are exactly the type of the things that get cut first in a recession. Long term play, high costs, low chance it'll work out... Worst thing of all is diminishing interest in it. Just look at how much cash Meta has burned through themselves and still no one is using it.
Like when every consulting firm including the Big 4 had nascent offerings in Blockchain development with some really bad proof of concepts that all dried up after the crypto winter crash back a few years ago.
No possible way. These aren’t layoff conditions
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Will be fun to watch it collapse
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Even better but you’re looking better qualified
Really depends what industry and segments you look at
Not really. They don’t wait for other companies. If the numbers are there, they will do it whenever
1) federal contracts rarely go bust. ROI isn't real for most contract shops (that's the Fed Acquisition Centers). They may switch Prime contractors and in most cases the existing green badges flip employers.
2) Hospital operations don't change much with the economy. Investments in new divisions, equipment and services offered will be impacted but you still have to keep your EMR running and your insurance receivables moving.
3) Pfizer isn't healthcare provisioning. It's a drug company and those companies are HEAVY investment plays. Their success is R&D which is an investment not funded by retained earnings but by financing (either debt or equity).
You seem to be missing the point - jobs that exist because companies debt financed will be gutted. The jobs that are revenue-contributing or financed through retained earnings aren't getting gutted.
In economic downturns the federal govt increases spending and the federal workforce is not growing, so where does that lead???
Hiring consultants is a very expensive use of capital. All budgets getting cut. I recently cut consultants out to save $150k per month. Allowed me to do the work internally, boost my team headcount, and save a lot of $. Question? Are you worth your hourly rate? Would you hire your consulting firm with you own $ or is it too expensive?
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Other than staff aug grunt work, I anyway avoid consultants as much as possible. They’re usually not worth it.