Accounting

Just curious- how do the big layoffs work? Does management tell each department you need to cut X number of people? & then the partners in tax, audit, TAS, etc. decide which people are let go?

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I was part of a lay-off committee at a former employer. Each business unit, or whatever divider is used, is told to retain X number of positions. Staff are ranked by management from 1 to n down the line based on whatever metric plus brown nose points determined by said management. Then everyone below one point are cut. The process continues for the management, but the ranking is more of a determination of which groups can absorb other groups making that manager redundant.

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Very interesting. Really appreciate the insight.

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Not sure that Big 4 works this way. I think decisions are made at a higher level.

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F

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?????

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