Is it true that Alvarez & Marsal doesn’t do layoffs?

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They pay a larger portion of comp in bonuses. So if they do poorly, you make less but they don’t need to let people go.

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A1, would you prefer a 20% bonus or a 20% salary increase?

They’re the ones who make companies do layoffs

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Rx work

Just playoffs *for now

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Do they really? I thought their turnover may have been lower compared to other firms

I heard from a few sources it is terrible there. They promise the world and then under deliver. Culture not great.

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I worked there for 2 years in tax yes great bonuses. It terrible horrible culture and it’s all about the money that’s all partners care about. And yes the base is low and you never get a cost of living at adjustment at least at the senior director level

Not sure how accurate this is but I heard if you are new it’s challenging to get picked up on projects and new people are always looking for work.

I’m sure someone without many billable hours gets cut fast?

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Do they do PIPs?

Generally the groups will share resources ex tax due diligence will pull from core tax and vice versa to avoid layoffs and as noted bases are kept low to help avoid layoffs.

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