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Partner at EY - no lay offs - just some spring cleaning of low performers and slackers
Sorry folks. I hope it gets better. We may compete for work but We're all the same here when it comes to layoffs.
Not true. No layoffs, just getting rid of people who suck and add no value.
People need to stop with the rumors, I'm sure it was all 2's or low performing 3's.
And not deserving of a 4 to begin with (or they lied)
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?
What would you say about someone with 4 rating was one of them?
I would say their utilization must have been low
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.
True
Damn not EY too
I heard it was all 2s. I got a 3 overall and still swimming (for now)
Standard practice to lay off poor performers now
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.
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
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
Sometimes I wish I was in industry where they pay people more to do less
Yeah that'll happen when you give a toothy blowjob
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.