{ "media_type": "text", "post_content": "Just rounding out the COVID impact on consulting based on posts: Who did layoffs? \n\nAccenture- Yes\nBCG- ?\nDeloitte- Yes\nE&Y- Yes\nIBM- ?\nKPMG- ?\nMcK- ?\nPWC- No\n\nHelp me fill in the blanks. Who else did I miss?", "post_id": "5f733c78d9aa7b00201121d1", "reply_count": 42, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Just rounding out the COVID impact on consulting based on posts: Who did layoffs?

Accenture- Yes
BCG- ?
Deloitte- Yes
E&Y- Yes
IBM- ?
KPMG- ?
McK- ?
PWC- No

Help me fill in the blanks. Who else did I miss?

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I heard EY did not have any layoffs, but also had no bonuses, whereas I Deloitte had some layoffs, but I still had some bonus as a midlevel performer. Source: my brother is a manager in Advisory at EY

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BCG - yes

to be clear, BCG did what many of us would consider layoffs. people weren’t voluntarily leaving at the projected rates (obviously, who is going to quit their job now?), so they increased “performance based” involuntary separations to meet their turnover target.

spin it how you want; that’s what happened.

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Recent IconRecent

EY would say no, they showed a bunch of data showing involuntary separations (layoffs) are way lower than typical years.

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People below SM have been laid off. If you aren't aware you aren't paying attention.

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I guess Bain didn’t make the cut.

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Was not intentional - I didn’t have a bunch of them. Pls add in. Curious how approach to talent varied across firms.

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EY is No. when your forced separations are <2%, it’s not layoffs

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Probably will have an update in a couple hours for K

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EY did not do layoffs, they did normal performance separations that were less than in prior years

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IQVIA - No, and honored all offers + times

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This idea that EY has not had layoffs is incorrect.

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McK- No (that I’ve heard of)

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Check your email, seems that there’s a meeting about to go down on it

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ZS - naw

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McK -no. Currently accelerating interview timelines and pulling start dates back in.

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Mck is no

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I heard Kearney laid off 75% of their 2019 mba hires

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This doesn't even make sense.

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IBM - Yes

PwC absolutely had Covid layoffs.

KPMG already did layoffs back in July and again plan to do so today.

IBM - no

Maybe in certain geos for certain BUs but I see open positions

Kearney - not as far as I know

Roland Berger did. 15%

Rescind offer was about ~50%

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