Is it true that EY has started laying off people? I heard 20 staff from FSO got laid off yesterday.

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

Partner at EY - no lay offs - just some spring cleaning of low performers and slackers

like

Sorry folks. I hope it gets better. We may compete for work but We're all the same here when it comes to layoffs.

like

Not true. No layoffs, just getting rid of people who suck and add no value.

like

People need to stop with the rumors, I'm sure it was all 2's or low performing 3's.

like

And not deserving of a 4 to begin with (or they lied)

like

I find it hard to believe 4s are laid off... Most likely the person lied about their rating or something happened. I mean, why would you lay off a high performer before a 3 rater?

like

What would you say about someone with 4 rating was one of them?

like

I would say their utilization must have been low

like

Everyone in consulting is waaay overconfident. You are all so sure it only "happens to that other person". My ass. It could be anything and it could happen to you.

like

True

like

Damn not EY too

like

I heard it was all 2s. I got a 3 overall and still swimming (for now)

like

Standard practice to lay off poor performers now

like

Exactly, a 4 is not going to be laid off, low performing 3 I could see. If someone told you they were a 4 and got laid off they're probably lying about their actual rating.

like

Maybe they got a 4 on one project and got 2s on others. If they're laying off due to utilization they wouldn't have given those people 4s to begin with for year end

like

In the past 2s didn't get let go off. This time a lot of practices in FSO that had bad year are doing it. So it's somewhat performance related but they've been stricter when it comes to reviews too compared to past years. That said, numbers are not as high as Deloitte or PwC

like

Sometimes I wish I was in industry where they pay people more to do less

like

Yeah that'll happen when you give a toothy blowjob

like

Fuck this industry

Any laying off will be driven by year end final ratings not one project. I agree with EY7, the person may have got a four on a project but then got 2's on other assignments. Hence the overall rating of a 2 or 3.

Related Posts

Curious is anybody seeing layoffs in consulting? How busy are your cyber practices?

like

Had a fight with my MD or let's say more like argument. After that the next 2 months was endless nitpicking and pulling me for mistakes that aren't really in my control.

Post 3 months, I apply for a transfer. Transfer process delayed for some process reasons
No negatives/issues in my f22 feedback. Utilization above target. Way Above average
Recently fired without reason
Who should I escalate to?

PS: Ignore typos. Written in anger

like

If you got fired today would you have a Bach up plan? What would it be?

like

Counselor never talked to me about my year end review and it was never released to me, I still haven't had my comp discussion. Didn't get the comp email or any PPB in my paycheck, am I getting fired??

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

I heard UKG has fired many employees this year?
Is it good for job security?

The week of my wedding, my husband (PL SQL Developer 4 yoe) was laid off. That was a couple of weeks ago. Luckily I'm still bringing money in as a software engineer, but I'm looking for advice on how to support a partner who has been laid off. Ultimately I think we will be ok, but I know he's hurting / stressed / and could use a supportive partner.

likehelpful

How do you recommend dealing with a partner senior to you trying to do anything possible to push you out, force you to quit, or get you fired for years? Owner knows my abilities and likes me (contd)

like

Horrible anxiety about considering a new job....
I was one of the big firm stealth layoffs in covid and joined a boutique firm in Sept. They came sort of close to matching my salary but I moved to SoCal and have an opportunity to jump back in to big law and get $100k raise. The people at the small firm are so nice, but hours are nuts and if I’m going to work this much, I might as well get paid more, right? Is it too soon? How do you tell them when the managing partner took you under his wing?

like

How has P&T been affected by recessions in the past ? Are internal app teams more safe ? Also how is the severance package calculated.

like

Curious questions! What are the things offered by companies after laying off their employees? Do they pay 3 months severance? Or not?

like

Is Paytm payment bank a safe option to join? Heard about the layoffs, poor wlb and culture. Genuine reviews please?
Paytm

like
like

Hey guys! Yesterday the company i worked for laid off the people in our state for economic reasons with no notice. I’m in desperate need of referral in entry level SWE/SD(or similar) positions at the moment. Any help would be greatly appreciated. Thank you!

like

I was laid off last to last week, can anyone of your please refer me to your company, I'm 1.5 year exp in Java Spring Boot Angular Postgres Camunda BPMN..

like
like

Vicious layoffs at HCB health.

Worked as an admin assist for 5 years... was fired for ASKING FOR A RAISE. Was making $22/hr. Located in NYC. Past 2 months i have going on interview after interview only to be ghosted. I've applied for some executive admin spots as well. Any advice on getting an exec assist job?

like

Did Epsilon just go through a round of layoffs ?

Layoff going on in Attra ?

More Posts

Hi Fishes,

I need 11 likes to start chatting with Individuals in the group.
Pls help

Regards

likesmart

What clients does Nagarro have? Indian? US? European? Spreaded accross the world?

like

Does anyone know whether qlts worth it for Indians?

Would you rather go to Deutsche Bank or Nomura in Model risk?Nomura Deutsche Bank

approaching salary inequality? Agency has strict position salary caps. But hired employee at 15% higher, without good reason. Best way to approach this, knowing you’ve outperformed them consistently?

likesmart

I almost got out of Pharma... A CD from a Consumer agency doing solid work reached out, and I was so excited thinking I could finally do the kind of work I love. Then they told me they will fill the position with a current employee. I played it cool, but I can’t deny I felt frustrated. I don’t wanna do healthcare, but it seems like it’s the only thing available in NYC nowadays. I also don’t have many connections in this city. So, IF you need an ACD/Art (full-time or FL-to-perm), let’s chat! 🙌🏻

likesmart

Can somebody please refer me for Microsoft Germany? I’ll contact you with further details :) TIA

like

Does anyone have experience with a CMS migration? I inherited a migration plan with very little context. Any recommendations or best practices on how to move forward? Who should be included as stakeholders?

like

Last song you listened to.. go!

likehelpful

I've submitted my latest paper to the largest journal in my field, but it's taking forever for them to review it. I feel like they're just stalling me because they don't want to publish it. But if they don't publish it, then who will? And what happens if someone else finds out about my findings before they're published?

like

Help unhiding columns A-D in excel. I've tried putting A1 in the select cell selecting unhide columns and also youtube to no luck. Please help.

like

Heading to Las Vegas for New Year's, any recommendations for hotels?

like

Onboarding new member today. He is a PhD so has lots of theoretical knowledge but knows nothing about the business at large. Any suggested reading materials I can forward to him to help ramp up?

like

Reorgs are just a part of the corporate world. If you haven’t been a part of one in your career yet, then you most likely haven’t been in the corporate workforce for very long. If you have been a part of a reorg, however, how do you personally approach it? There are many factors at play, but in general do you try to establish relationships with the individuals you know will be key contributors and/or decision makers going forward? Or do you lay low and let what ever happens be/hope for the best?

like

Best way to learn python for free? I know r and sql pretty in depth but need to learn this.

like

I’ve been working for my State Farm agency as a team member for 2 years. I am licensed in property and casualty as well as life and health, but only make $13 an hour. I technically can make bonuses but I’m not supposed to dig into a sale and I have to send it to a sales rep (I am service and retention mostly). My boss also has me running a retired agents office until a new one is chosen (its an hour away with no pay increase or mileage pay). Also, no benefits! Should I start job searching?

like

Has anyone come across any resources I can use for a investment idea pitch during an interview? Examples of investment theses for previous PE acquisitions etc.? Interested in healthcare and FS specifically. Thanks!

like

Looking for a new VC associate for a small early stage fund based in London focused on deep tech. If looking, please feel free to DM.

like

Hi All! I recently started my own Private Equity firm. Searching for any big do’s, dont’s, or hard lessons you learned along the way. Do any veteran entrepreneurs/PE partners or staff members have advice they would like to pass down? I know early on in my consulting career there are many things I wish I could go back and tell myself.

As always, thank you all! 🐟

likeupliftinghelpful

Hello Team can I get likes to initiate my DM

like

Additional Posts in Consulting

Is the chase freedom flex a better deal now than CSR? Worth downgrading? I already redeemed all my points through pay yourself back

like

For an athletic male, 6’ 2” - 190lbs. Would you say slim or extra slim for Charles tyrwhitt dress shirts?

like

Do you guys have Any good books on business? Not those self help books

like
like

Best ergonomic chairs for neck and back pain that aren't $1000+?

likehelpful

What would you guess is the correlation between causation and correlation? 🧐

likefunny

Honest question here-hw do I work better with Indians who come over frm India(on-site) to client?My patience with them is at an all time low since they jst dnt gt the methodology & hate owning anythng

Thoughts on LinkedIn as an exit opp in comparison of FAANG?

like

“The longer I put off starting my own firm, the longer it can remain a dream and not something I screwed up at.” — Ted Mosby, How I Met Your Mother

likefunnysmartuplifting

Curious is anybody seeing layoffs in consulting? How busy are your cyber practices?

like

Anyone have any recommendations for an office chair that’s super comfortable for someone that doesn’t sit like a normal human? I always sit either cross legged, knees up, etc.

like

At PwC(S&) are evaluations (career roundtables) driven primarily by utilization? How much do reinvest and snapshots play?

like

Deloitte reached out on LinkedIn for an advisory principle/md opportunity in Jan/feb. spoke with the recruiter and was ghosted - figured it was dead and didn’t follow up as I’m pretty happy in my role. Now a new internal Deloitte exec recruiter contacted me to follow up…6 months after being ghosted. Any thoughts on partner/principle recruitment process at Deloitte? Is Deloitte wasting my time? Any insight from current partners at Deloitte would be appreciated.

like

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

Post Photo
like

OTS is growing rapidly and leadership has asked us SMs to assist with recruiting. One of our needs is for cybersecurity and data privacy consultants interested in M&A e.g. CISSP, CISA, CIPP, CIPM, etc

like

What are the downsides of the BCG Expert Consulting track, if any?

like

Any suggestions for a winning white elephant gift?

like

is “as far as i know” commonly abbreviated to afaik?

like

What are bonus ranges at Deloitte at C and SC? (As a % of base comp) is there internal transparency in the firm on this?

like

Top consulting firms in the Aerospace / Aviation,l or Defense / Intelligence spaces? Looking for business or tech strategy jobs here

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