Is anyone else worried that there is even more that leadership isn’t telling us? No communication, transparency, or respect to us as employees during the past year of struggles. Impacted ex-coworkers, destroyed campus reputation, and day-to-day gossip… should I be preparing to be laid off next year as well? What is everyone’s thoughts on 2024 outlook?

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Honestly, no I’m not. I think MC have been fairly transparent throughout here in the Americas. I am also not bashful about bringing up the conversation of current firm performance with MC when I see them in person (especially the last 6 months). Trust me, if you’re listening, you can read between the lines (though maybe this comes with years of experience…). None of the MC are pleased with how this year went down but I also don’t blame them. Hard years mean hard decisions. Do I think they executed perfectly? No. But I recognize this was the first time for most of them dealing with something like this. As for 2024, I think the tone wasn’t meant to be scary regarding next year but rather cautious. The worry is that we’re going to slide back like we did after last Spring’s pop in performance that came and bit us in the butt. If we do, then we cross that bridge when it happens. My hope is that management has learned the hard lessons (clearly the hard way), and have been conservative with their forecasts such that we end up OK. That all said, economic outlook continues to be mixed so wish I had a crystal ball but reality is always “hope for the best, prepare for the worst” (ie keep your resume fresh and your ears to the ground).

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AS, yeah, I am with you on what feels like whiplash from our last staff meeting to yesterday. My takeaway is that positive news should be taken with a heavy grain of conservatism for at least the next quarter or two. On how much they’ve learned from communication side of it, I agree. I’ve personally told MC that gaining back trust and confidence should be a high priority. And it should be on the ground, with day to day interaction and project management from MC. Alas, I haven’t seen enough action or change. The damage is still here and it seems like they’ve taken more of the “time heals all wounds” approach rather than being more proactive about it. I am sorry your trust and confidence has been lost, and I don’t think you’re alone. My personal approach is to show up on a daily basis for my office mates and project colleagues. Sometimes the burden of leadership falls on us.

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I think they could have been much more transparent on just how much money the firm was losing at the start of the year, and how long it is going to take to make up those losses.

The 36% delta in projected vs the actual revenue is huge - so wondering what our costs were like and if the firm will even break even this year.

2024 will very much depend on the market and economy again. I think we are more right sized now and they will be very cautious in hiring because there is still a lot of uncertainty.

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