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It looks like there were several layoffs at PwC today. What's going on?

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Any reasons for the layoffs? Perhaps utilization?

Exiting all those who got 4s

Your group sucks, sorry

What happened to performance plans?

@pwc3 I think they still happen but you have to have a partner / RP that is willing to stick their neck out for you, and usually have until mid year to show progress or else you're let go. I also don't know how common performance plans are in advisory---assurance and tax definitely use them, but not sure if that trend will continue in advisory.

We always used to do them across the board. I'm sure they happened pre-internet days (not as in before Al Gore got around to inventing it, but before it was as transparent as it is today). PwC was known for long tails on coaching out and having some dignity about the process, and it was standard in my practice line even for first years. It was one of several areas that set us apart from other firms when I was choosing years back (I had no idea I'd be one of the remaining few back then).

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