If you get laid off, what incentive do you have to continue putting in effort for the two weeks or whatever notice they give you?

like
Posting as :
works at
You are currently posting as works at

Your compensation package lol

like

At Deloitte S&O, I've heard people getting rolled off their project and having to fly back to home office, 2 days later have the "connect with partner" meeting and are laid off effective immediately. Their severance is still paid over the 2 month period in which they don't work anhmore

like

Wait they give you notice? I figured it would be effective immediately

like

2 months is better than 2 weeks, so there's that

like

Sadly but truth is - they can cancel you severance package

Don't they tell you what it is when they lay you off? It's not contingent on your performing at an exceptional level, right?

Oh idk? I thought they gave you notice? Your project would be screwed if it were effective immediately

I have no idea, I was just under that impression. I don't know anyone who's been laid off

It's a 60 legal notice. But they can fire you immediately for bad performance/conduct

Which severance package is usually better? Firing or lay off?

You don't get severance for being fired - you just get fired and that means they stop paying you.

If you get laid off you get no notice.

I'll take the 2 months severance and my PTO cashed out if that's what it comes to. Good to know. Thanks guys

'Maintaining the relationship' and 'leaving in good terms'. It's a small world and you'll never know when you will see/work those people again

The severance agreement says that you must transition your work and cooperate completely until your last day. If you choose not to then what was a layoff can become a termination for cause. And there's no compensation for that.

Related Posts

Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?

Exp - 4 years
Tech stack - Java, Spring Boot, Microservices

EPAM Systems Cisco Nokia Dell Deloitte Deloitte USI Deloitte India Infosys Cognizant KPMG EY PwC Verizon Verizon Media Ericsson Huawei Technologies

like

Does anyone from EY have insight on layoffs? I'm seeing horror stories from other firms but haven't heard anything about EY layoffs. (Manager, FSO-Advisory-Risk)

Know this may be a long shot in terms of actual responses but:
@PPMDs, what are your thoughts on the current/impending COVID specific layoffs at your firm?

E.G. Glad for the opportunity to reduce the headcount of mid performing SMs with little/no chance of making PPMD? Sad to see a firm you’re a part of undergo such unforeseen circumstances?

like

First year here. Do associates get fired for not meeting the billable requirements?

like

Has anyone here ever been fired for being rude to a customer?

like

Assuming this causes a recession like in 2008, and many people get laid off, how long to take to find another similar paying job? I’m currently a strat manager in FS. Scared for job.

likefunny

Are BAs comparatively safer than Dev’s when it comes to layoffs?

like

Is it any surprise we’re seeing mass layoff in tech? Years of rich friends hiring rich friends with no work ethic has lead us here. I know way too many tech people who work maybe an hour a day followed by errands and traveling. A lot of getting in these places is who you know, apparently that doesn’t work out like it used to. The amount of people who worked for Meta, Apple, Amazon, etc for a few months / maybe a year is astounding. it’s around that time frame a boss can tell if you’re worth it

like

Anyone stealth layoff, stealth layoff? I heard stealthier layoff. They gave stealthed layoff stealth layoff. Stealth layoff stealth layoff.

likefunny

I have been interviewing for a new job but I keep hearing about layoffs and a recession coming. Is now a bad time to switch jobs?

like

I think I’m potentially about to be fired this week in retaliation from my boss...what should I do?

like

I quit my previous job approximately 5-6 months ago due to toxic culture and being pressured to commit fraud… I fear hiring managers see that I’ve been out of work for this time and may assume I was fired or laid off. Additionally I’ve had a couple interviews where company “X” interviewers have commented on this and in an effort to not bad mouth my previous employer I’m stuck with a generic answer like I want to take my career to the next level with Company “X.” Any thoughts/advice?

like

How is job security in BNY Mellon | Pershing Technology department?
It's very scary to here abot lot's of layoffs in other companies these days.
......
#Layoffs #firing #Job #Termination

like

Have you guys ever fired a client? If yes, then why?

like

Has anyone working tech for a bank been laid off yet? Tech layoffs all over the media but no one is talking about developers at banks (who make up 1/3 of headcount in some cases)

like

When you say your salary jumped __x, how is that exactly calculated?

Mine was $16k (minimum wage before joining corporate) > $40k (contractor total before getting laid off) > $150k (current FT)?

Is that a 260% jump or 2.6x from $16k to $40k?
And a 375% jump or 3.75x from $40k to $150k?

Or do I calculate it by hourly rate?

like

I got an email from a Cybersecurity Advisory Partner with the subject "Catch-up". Last week we all rolled-off from project abruptly b/c the client terminated the contract. Am I getting laid off?

like

Just a joke, take it as a joke-
.
Recently Better (dot) com's employees were fired from the job.
If you are some HR/Senior management personnel and hiring them.
You should reconsider your decision as they will make your organisation BETTER. :-)

likefunny

If you do something on the side for extra cash (like drive for Uber) then lose your agency job in a layoff, does your little side gig disqualify you from collecting unemployment?

like

More Posts

Anyone want to run Bain-style cases with me?

like

Oh my god! Poor millennials!

Post Photo
likefunny

BBW got my number.

like

Has anyone experienced tokenism in the workplace? What did you do about it?

like

Made the switch out of advertising into a different industry, and absolutely hating it. The $ is amazing though— is it possible to get back into advertising and make ~$130k in NYC with 5 yrs exp?

likesmart

Can anyone refer for HR Recruiter, Talent Acquisition, or Any HR role. Exp 2 years , location Pune.

like

Hi,

Is anyone has completed BGC filling in DXC onboarding under iBridge portal?

Need help!

How long does your firm wait to tell you your compensation after a promotion?

Promotions went out Jan 3 and compensation will be revealed late Feb. Is this typical?

like

What is the average salary for director Morgan Stanley india ? How is wlb and job security?

like

Larsen & Toubro Infotech How to opt out for the self mediclaim facility in Larsen & Toubro Infotech for new joiners?

like

Referral for EY. Role- CT_Devops Requisition Id- 860322 Please help. EY

like

Any 100% remote PM positions out there?
I’m kicking back 10k for the referrer at 30Days in. I travel between Canada and Mexico.

Like 👍 to help spread the word 🙏

like

Electrical engineers, what is the minimum salary I should consider after a few years of work?

like

Mid 2020, I turned down an opportunity to jump ship from my small law firm to a big law firm. At the time I had 4 years of practice under my belt with managerial experience. I thought the offer was reasonable, come in at a 2nd year level, but with the uncertainty of the times I played it safe. Now I regret it. What avenues do I have, if any, to jump into big law from a small firm?

like

I am inquiring about a patient account coordinators salary. It seems I am asking way above average salary due to current position and experience I bring as well as education. Can someone give a number for this position and suggestions for negotiating pay to make what I’m worth.

Guys, how is optum for testers? Is it a good company if we compare it with Deloitte?

like

Does anyone do math stations in class? How often, what are the benefits you love, what are the drawbacks? I would love to try but am afraid of chaos.

If anyone is interested in investing in crypto, I’m running a kickback campaign on Vauld, where both, you and I can reap benefits. You could also FD your crypto investments at interest rates as high as 12.68% for a few tokens.

Comment here or DM me personally if interested to talk further. Note that this crash is a great opportunity to enter. 😊

Hi, I wanted all your opinion I have got
offer from ADP & Thoughtworks almost
both are paying equal. Which company is
better from learning perspective, Job
security wise & benefits ? My skill set is
Automation Testing - Selenium Java.
Please let me know your inputs. Thanks in
Advance

If you are part of a firm “club” I.e. chairman’s club... do you tell that to your clients? Why or why not?

like

Additional Posts in Consulting

Switched firms number of months ago, new job is okay but not 100% the job description; firm wasn't top choice. Is it okay to start a conversation with recruiters at other firms where I had offers?

like

Does this sound right? I'm filo g taxes on H&R. I did standard deduction. I worked in 5 states and each state is making me pay roughly 2.5k on standard deductions (one of them being NY )

like

Officially on maternity leave for 8 months after today!! I also got the green light for promotion, pretty happy with all things Deloitte right now! 👌🏻👏🏻

like

Gals, which would you prefer - oval 1.5 ct H ($8800), or oval 1.2 ct G ($5700)? Both brilliant, SI2. I could do the 1.5ct G but raises to 9900, and not sure it’s worth it.

My girlfriend likes dainty (doesn’t like flashy). I plan to put it on a thin gold band. She has a small sized finger so I think either will look nice.

like

Any recs for CIPM study books?

like

Just read a comment on ManagementConsulted.com from 3 years ago where someone said Accenture gave them tuition reimbursement (74k) after interning then joining Strategy. Does this sound true? Can I leave and come back then?

like

Booz Allen Commercial Strategy - any opinion? How does it compare to big 4 and MBB?

like

H1b 🐠 - about to apply for my extension. For the first time, I was told that I need to be aware of the 60 day threshold on out of home office travel and that the new administration is enforcing...

like

Poll: What dress code do you follow at your home office?

Tribute Portfolio ✔️

Top consulting firms for building mobile apps - IOS or Android?

like

I got an email from a Cybersecurity Advisory Partner with the subject "Catch-up". Last week we all rolled-off from project abruptly b/c the client terminated the contract. Am I getting laid off?

like

Hello! I’m going to BSchool in August. Any recommendations on books / websites / videos to be more prepared for management consulting interviews?

Deloitte people. I confirm layoffs of 4 ranked individuals and this year it's been hard rankings. Many 3s forced into 4. I was on the calls. Beware. Not trying to scare. Sharing facts.

like

Serious question: Sheraton cancelled my reservation and I was stranded for a night last night. Called CS and my useless ambassador and they cant help and “sorry”. How do I escalate this?

like

Bench time done right:
Camper van + cell signal booster + (nearly) unlimited battery power + National Parks pass = gorgeous “home office” views

Post Photo
like

How much severance should you expect after getting booted after 1 year. I got 3 months salary

like

8AM Sunday Scaries 😬

like

Top 10 books to read about consulting life ?

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal