If layoffs would need to happen, how would they look like in a B4? What percentages? what levels? What criteria would they use to lay off people? What is the probability of this happening this year?

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-Layoffs would look really bad
-26%
-Directors
-Low performance, utilization, facial symmetry, tightness of physique.
-Extraordinarily high probability

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No one is safe despite what the firms say

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B4/consulting firms: No clients=no money coming in to pay staff.
Staff:no income=can’t pay bills and need to make choices about how you will use your savings when unemployment runs out until you can get other sources of income

So yes. Layoffs are inevitable the longer clients are not hiring consultants.

Deadweight / under-performers likely first
People bringing business not high on list unless there are other issues

Will they happen this year (above and beyond annual exercise of underperforming staff) depends on the firm, their pipeline, and ability for clients with inflight projects to pay.

If clients are conserving cash, postponing all but operationally critical projects that they are not hiring consultants for -> high impact on consulting firms-> layoffs

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My prediction: Tax and audit will fare better - lots of pipeline related to CARES act - the tail could last 18 months. Consulting will rebalance around hi demand businesses - future of work, supply chain, digital transformation and new technologies, etc... Support teams will be decimated.

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Are you worried OP?

Anyone that isn't is not paying attention

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