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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Hey fishes!!
I absolutely hate my job and would like to resign ASAP but my bond period is until Feb 2023 but they are already having a qualifying exam which I won't clear and will get fired anyways in Jan 2023...but they are refusing to let me go without paying bond money.. What will happen if I just get myself fired😑

One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

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I have heard lay off happens in CitiusTech, is anyone aware about this

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If the layoff is not necessarily to go through performance improvement plan, then is there a standard dashboard look to evaluate ourselves about how close we are at?

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Hi,
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