If you are laid off (due to recession) right after joining a consulting firm would you have to give back the bonus?

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The language I saw at PwC only requires payback for voluntary departure or termination for cause.

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No. You didn’t initiate the departure from the firm. You’ll have to read the fine print that you signed.

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No, if you did not leave voluntarily or gave cause to it you should keep the bonus. Never heard of a case that it was not so.

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is this currently happening or hypothetical?

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I highly doubt you’d have to pay it back if laid off.

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Generally, you pay it back if you leave or if you get fired for cause.

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