Is Acn laying off A/SA with less than 50% chargeability?

Stop the rumors! You're really affecting people's lives so if you just 'heard it from a friend' please don't go around spreading it like it's the gospel.
First year analysts clock (time at level) doesn't start until their first project and I know analysts who got promoted with 60% chargeability. Consultants are actually the ones that have it tough because they're a lot more expensive to park on the bench (20% salary difference than analysts in strategy) and you're also expected to develop a network and more relevant market skills than a generalist by the time you become a consultant.

If you want to stay in this industry, at ACN or others, you have to be resilient about seeing your chargeability decline every week and not let it make you dysfunctional to where it's all you're thinking about.

Please stop spreading rumors if you don't know of anyone by name who got fired. You're not only ruining YOUR company's image in front of potential employers in the future, you're also putting unhealthy stress on yourself and those who hear you.

Plot twist: I was laid off from ACN last year as an analyst and performed well on my projects. It's not a rumor or myth. There were many opportunities afforded to me after graduation and I opted for Accenture because I saw unlimited potential. However, Accenture didn't live up to my expectations. There were no roles available after I rolled off my first chargeable project and my CC and TFS also tried to help. I was laid off with limited experience and exposure and struggled to find employment ever since. Had I known that the industry was so cut throat and that my hard work would have been in vain, I would've taken another opportunity. It is not fair to campus hires with limited experience and Accenture should be more transparent about the realities of their strategy.

How is that the employees fault? Firms over hire analysts and don't have enough projects to place them and then fire them, these kids get burned for no reason

You can't be a rockstar if you're a new analyst without any project opportunities. That's a management problem.

@M1 you're an awful person

Yes, it's the annual purge

Maybe someone did not sell enough.

Can't help but think that there is some seriously poor management when employees have such low utilization. This type of stuff is completely unheard of at McK... not even in 2008-2009. Not to say we are so incredible, but it's deeply unfair to new hires if there isn't actually work for them to do.

It's cause McKinsey treats their employees like people and not resources. The effort that McKinsey puts in employees even after they've decided to leave is why MBB has such great alums...

D1That's not a good strategy if Accenture values their campus reputation. Schools will blacklist companies and alums talk. Good luck recruiting top talent.

Exactly A6- this is a leadership issue.

It's partially due to seriously poor senior management decisions by hiring to what we aspire, not to what we can absorb. And it's partially due to seriously poor junior management decisions by staffing Consultants in roles that could have gone to an Analyst.

A2- most first year analysts I know are well below 80%

I hope we purge a good bit. No sense in supporting people under 70%.

M1- disagree, analysts who just join and don't even have a project to prove themselves shouldn't be fired. We have laughable low sales expectations for our MDs

Not just analysts...consultant, been here 6 months, mostly BD work, can't get staffed despite MD recs. Same for others I know - there are no projects, just a mythical pipeline. True, the company doesn't have an obligation to keep me, but if I'd known there was so little to do, I would have worked somewhere else. Bored out of my mind and learning nothing.

Why is he an awful person? If there is no demand for somebody's work, they shouldn't remain employed because you feel bad for them.

Analyst here, joined a year and a half ago and I have to say the whole lack of analyst roles really has soured my experience here. I'm working on a project I hate only as it's my only option. I get really salty whenever I hear leadership talk at office functions about how there's "work in the pipeline". What a load of horseshit.

Can't wait for grad school to start.

Yep A1. Accenture shoots itself in the foot but can't figure out there might be an issue at the top. I'd Lay off MD's first.

@A18 that's the most annoying thing I've ever read. It's all about networking and luck.

How are you below 80% at those levels? Seriously