Is anyone concerned about layoffs in the industry given current events?

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

Only if you work for deloitte

likefunny

I’m sure you are given Deloitte’s history of immediately dumping people when the market turns. I’m not because Slalom dumped no one during the pandemic and most of what we’ve built revolves around a legendary don’t lay people off mindset.

People complain pay might not grow quite as fast here, but I sleep really well that in this economic climate we’ll make different decisions to the other players based on a large body of evidence. I’d rather gladly forgo bonus for a year so no colleague gets laid off and because I know if we manage no layoffs through another shock we’ll dominate just like 2020 let us grow like crazy on the backend.

likefunny

What current events? Firms are hiring like crazy!

like

Recall when jobs were being cut, and stock market was its highest. It’s this, companies with fundamentals are still growing, and investing in transformation

like

Depends sector. I’m federal at Guidehouse and the government is pretty secure. However, working through interviews in the private sector with a fortune 100 materials science company for a program manager position where the hiring manager plans to groom that person to replace her as director for program management for the entire division. Will be tough to choose if I make it to that point.

like

What he said.

The war for talent continues to get crazier. I don’t see layoffs happening unless it’s to seriously trim the fat so we can afford to retain our best people.

like

Related Posts

Am I more or less likely to be laid off if the economy tanks even more if I just started as an analyst two months ago

like

Is Accenture canada expected to do layoffs?

like

Any insights on bonus and hike? What should be the expectation considering recession and layoffs?

like

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

I’ve been thinking about looking for a new job, but given everything going on with the Coronavirus and layoffs, it doesn’t seem like this is a good time to start looking. What do others think?

like

Stuck in a weird limbo where I want to leave my job more than anything but grateful that I have one at all with all the layoffs in our industry. It's a new kind of trapped. Anyone else feels the same?

like

Any layoff expected in bny ?

like

Hi All,
I am bit confused currently. Please help me with genuine suggestions.I am currently working in TCS since 7 years and TCS was my first company. TCS is giving me 6.25lpa. Now I got an offer of 16lpa in CTS for Automation Testing role. But once I started talking to friends i got to know that one of my frnd has recently been fired from CTS last year due t unavailability of project. Now i am scared as I m single child of my parent and i have to pay emi and handle my household. Please suggest

like

Hi, received an offer from another Big4 in Amsterdam (currently working in Eastern Europe), but relocating, I’m concerned about potential layoffs in the coming period being the last to join the team.

Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

like

How is the job security at Delta Air Lines ?
Do they layoff frequently?

HR had mentioned there were no layoffs at tech during the pandemic.

like

Blue shield of CA fired 375 people. Any other insurance companies having massive layoffs?

like

I was fired after I reported a partner for a serious (criminal) ethics violation. The firm covered it up. Are all companies like this in the end? I’ve lost my trust and don’t know how to start over.

like

Is it safe to join CISCO? I have heard the layoffs happens there yearly.

like

Wow...Massive layoffs at PwC continue. Just saw 3 of my colleagues get canned.

like

How many days would I be able to stay If I Country if I quit (not fired) my job that I have a h1b for? Moving to Canada and need some time to close up shop here.

Laid off at PwC. It was more of a relief than anything. Anyone have any knowledge on openings at smaller (but not necessarily boutique) firms? Human Capital / Change Management related field.

like

I am interviewing for a Sr. Program Manager role at Adobe. Glass door says ~252k. What a typical base would be? How does adobe feel in the market right now as far as layoffs and expansions?

like

Longshot post but does anyone have friends at City of Seattle, King County? Just recently got laid off by Accenture and I want to pivot towards work in the community, urban planning, etc. Really just want to do fulfilling work. Looking for a reference! 🙏

like

Is anyone hearing chatter in banks/FIs about recessionary job cuts or hiring freezes yet?

likehelpful

More Posts

I’m looking to hire a full time strategy director. Big agency experience. NYC based agency, but remote for the foreseeable future. Drop me a DM with you email or website if you’re interested!!

like

What is the Netflix employees email format?

like

Which ERP solution will be the most competitive and relevant in the long-term?

Currently in Workday Financials consulting and curious as to what SAP S/4 and Oracle Fusion consultants think. Do each of these products address different markets? Any perspectives from consultants who have implemented multiple systems?

like

Looking to leave my current role but scared of financial outlook, graduated August 2022 and have 2 YOE of formal experience in tech under my belt with startups and large companies. Currently making $70k base- is that realistic anywhere else other than startups/tech for a marketing or sales position?

Wanting to pivot into medical device or med sales.

like

Is it fair to say once you’re an LS consultant you can always fall back to a tier 2,3 firm? For context I’m looking to go from consulting to a hospital implementation role.

like

Who are the top consulting firms for each of the type of work in Pharma?

Corporate strategy -
Portfolio + brand level strategy -
Sales & marketing strategy -
R&D strategy -
Transactions / M&A strategy -
Analytics -

Feel free to put more than 1 firm in each category :)

like

National insurance

how’s everyone feeling about this?

Quite miffed as I just got a small pay rise and now I think this plus the upcoming not rises in utilities and inflation will pretty much cancel it out.

This country is fucked lol

like

Hello,

How is SAP practice in PWC. What kind of projects we can expect to work.
Also will it be support or implementation projects.
What are the work hours usually? Can we finish the work in the mornings and attend only calls in the evening to match the timezone? How flexible is it?

Thanks in advance.

Does PWC give free Udemy access?

like

Hi sharks,

18LPA CTC in India equivalent to how much in US considering all factors??

like

Hi All,

What is the wlb in Areteans for a pega developer.

like

Does anyone know what Kirkland’s billing year is? Aka when do hours start again?

like

How do you find out who’s “top bucket” and who’s not? Do they disclose this? Also how do you become one?

like

Is it worth it to do pitch competitions, accelerators and cohorts?

like

Hi Frnds,

Looking for accounts / finance job in Pune or work from home. Having 9 years of experience. Please help. 🙏

like

Pro’s of pto - no work 🎉😊

Con’s of pto - coming back to the office with 50+ emails 😅

likefunny

Only recently started being out/comfortable being bi, but overcoming a lot of self stigma. Others seem so secure in the LGBT world already, it leaves me terrified how/where to begin. Help?

like

Hi Folks - Does anyone have insights on the interview structure for consultant level (summer internship) in London?

Hi guys,
I have cleared all the rounds for LTI post which I received autogenerated mail and then later HR asked to upload documents. In how many days can I expect offer letter?

like

Additional Posts in Consulting

May be this is off the topic..
One of my friend who is a doctor & is an international med graduate. He passed his United States Medical Licensing Exams with above average scores. He has applied fr the match last yr & was nt able to match. Match process costs around USD10k; this year he is applying again after borrowing funds frm different sources bt he is under tremendous pressure to get match. I feel his pain as he has studied for 10+ yrs and is struggling to match nw. I m nt sure hw I can help

like

Whether you're a father by choice or by mistake, HAPPY FATHER'S DAY TO YOU! 😎

like

Finding it so hard to actually get up and go to the office.

like

Any good book recommendations? Both fiction and non

like

Does anyone have any book recommendations that have helped them become a better consultant ?

likehelpfulfunny

Got laid off on Friday. Three days and I'm already bored out of my mind. Besides Jim, what are people doing to pass the time in between job hunting?

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)

It is NOT a power move to not respond to meeting invites.

like

Anyone else scroll through LinkedIn and constantly feel behind in their career? Everyone I know is exiting from MBB to VC/PE and I’m still making peanuts at Big 4. How do you deal with knowing you’re mediocre/less sharp?

like

I love y’all honestly. We are so blessed.

likeuplifting

Please help! I have 2 great offers! 1 for Exec director at a tier 1 US IB, another for an SM role at big 4. Which one would you fishes take?

likehelpful

What are some of the perks you get as a SC @EY or @D? Work phone, food vouchers, gifts, cringe benefits from SM/Ps etc..

Asking for a friend who's is deciding between these two companies and coming from industry!

like

M&A advisory fish here! Trying to make the switch to PE/VC. What’s the best way to learn financial modeling? I’m a STEM with no finance background. Training the street software? Help please!!

like

Any book recommendations? Preferably shorter < 300

like

Is LinkedIn Premium worth it?

like

A reminder to all: we are going through very difficult times. Please help someone who has gotten laid off if you can!

like

First time switching jobs. How do health benefits work - if I have some past claims I haven’t submitted yet but fall under old employers’s time period. Am I hooped or can I still submit all of that stuff?

like
like

ey people is clear membership reimbursable?

like

First year in consulting, is it worth purchasing a car this early? I’m living at home and about a 45 minute car ride away from my home office. Any suggestions? What have you done?

like

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