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Very much twisting her words from earnings call this morning:
- There’s been no (confirmed) significant increase in exits above and beyond the number normally counselled out this time of year. The party line is still it’s all performance-based, anyways, which reconciles with my anecdotal knowledge.
- Yes, promotions and new hires will will likely be more selective, especially for more senior people, but really which large consultancy can’t say the same right now?
Pretty click-baity if you ask me. She failed to mention in the headline new bookings are up 6% YoY, and it was an earnings beat. 🙄
Chief
Your flaw was assuming Business Insider is a legitimate news site. It's basically BuzzFeed dressed up professionally
How I’ve been describing it for the past few years too. They really became such a bad source of info
Probably a partial twist. But it really depends when they did the layoffs. I’d they waited until the day after end of Q3. You won’t see the impacts until Q4/EOY.
Q3 results are just that, Q3, everything could have been hunkydorey. Some 25 days after Q3 a lot can happen. So dunno.
But attrition is down right now according to the report. Most likely not because people are choosing to stay, most likely because a lot of people are looking for job security and hiring elsewhere is slowed down. Our headcount also increased. But again, if they laid everyone off after they got back from PTO (seems a lot of rumors on here suggest that) Q3 numbers wouldn’t show that.