{ "media_type": "text", "post_content": "Layoffs and furloughs thread. What firms are cutting and furloughing? Across all industries.", "post_id": "5e987369508e6a001ae0668f", "reply_count": 10, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Layoffs and furloughs thread. What firms are cutting and furloughing? Across all industries.

like
Posting as :
works at
You are currently posting as works at

I’ll go first - nothing at Deloitte announced, although it might be harder to be promoted this year.

Not heard about it at EY US yet. We have a webcast coming up next week so fingers crossed.

Nothing at KPMG US

Big4 will cut bonuses first, then promos, freeze hiring, cut partner pay and then fire LIFO style. Furloughs might be done before firings bc bodies are their only product and means to earn $$

Cutting partner pay goes either 1st or second most of the time.

like

North Highland has furloughed 50 people in the UK

According to this site, most changes seem to be non US targeted by big 4 https://consultingcomps.com/coronavirus only major big 4 changes is cutting internships down

Y’all already know bout us

All consulting staff on rotating 3 week furlough during Q2

Related Posts

Curious question fam - I'm 23 and earn ~70k. At what age will I get to six figures, if I'm not fired and move up at an average pace in consulting?

Laid off today. Anyone willing to refer a fellow fish?

like

Got laid off but found a job. Unfortunately I can’t start for like 2 months. Any ideas on jobs I could do in the meantime? Can’t drive so no Uber. Willing to do minimum wage, anything will help

like

I’ve been laid off and, as I embark on my job search, I’d like to keep my marketing skills sharp. Any recommendations on must read books, or resources?

like

Why does PwC's severance package suck so much? I've never been through something like this previously, no I guess I have nothing to compare it to, but everyone who has keeps telling it's insulting. SA

like

Even if I am performer at clients I am having issues with job security! Good people around me are getting fired! Man! This is harsh!

like

Got laid off - need legal advice on release agreement / severance document. Do y’all have any free legal resources or an org / law firm that I can contact to seek advice? Any help would be appreciated. Thank you!

like

Well fuck. I got laid off. Just when you think you’re in the clear, 2020 brings the pain. Guess it’s true that the big title comes with a big target.

like

I have to give my notice today. How can I do graciously and respectfully? I’ve no hard feelings against the place, it’s just time for me to move on but I know I’ll leave them in a bind and I feel guilt over that. (I’ve also never left a job before, I’ve only been laid off. 😳)

like

How bad do you have to be to get fired or put on PIP during your first two years in PA?

like

Former KPMG fish, when you got severance, was it lump sum or paid out like your normal paycheck?

like

Does staying at a job too long make you less marketable? A CFO who worked at a company for over a decade and was fired because of cut backs was hired for temp work. An accounting manager of 6 years was hired for tech support. How does this happen?

like

Anyone remember the 2009 advertising documentary Lemonade, about all the agency ppl who were laid off - and how it freed them to find their real passion?

like

Is it common practice in Singapore for firms to have a probation period for new joiners (duration at their discretion), during which new joiners can be fired at a week’s notice period?

Do all big 4 and larger mid size firms have PIP? How long do they usually last, and does anyone get fired for purely performance reasons without being put on a formal PIP?

like

Anybody get laid off in NYC? Can't imagine losing my job and being forced to pay this ridiculous rent

Which Big 4 has the least layoffs right now on the West Coast? If so, why? More clients, hired just enough, realistic goals, etc...?

like

Layoffs at Greyhealth group this week. I heard 12 people.

like

How bad are D layoffs in Canada? US firm seems nuts but not so much here from where I'm standing..

like

Finally got my YE! Was hoping to at least get a 3 after hearing about all the layoffs and the 4's going around. Got a 2 and I am EXTREMELY relieved! 🙌🏻🎉 Now I can really start my weekend! 😎🍾

like

Additional Posts

Agency leaders my question for you is simple, what’s yo target metric for utilization of talent at your org? Talent being designer / developers / creatives.

like

How are y’all planning your consulting exit strategies? Do you have a specific role in mind to aim toward? Are you building specific skills outside of billable work?

like

Have a call with McK recruiter this week Currently a C at Deloitte. 2 YOE at Deloitte. 6 YOE in industry. Masters in US. MBA outside US. What level to target? Is 2nd year/Exp Associate with a 1 year path to EM a possibility? When do performance reviews & promotions take place?

like

I can’t stand my client. I can’t stand my project. I can’t stand this job. My teammates are starting to get annoying. I need a break but I can’t afford to take a LOA and I have too much work to do to take a vacation. Yay me! Hope everyone else is having a great day :)

like

Just got rolled off a project after 6 weeks of on-boarding and 0 work done. Oh life...

like

Any one who knows about HCL onsite salary structure

like

Walked into a mall in China. It has the same smell as the Sheraton lobby. I could feel tears building around my eyes...

like

What time is your normal Thursday night flight?

like

Anyone knows about Summer Bonus, got a meeting invite from ppmd

like
like

Can anyone on the Lumi team Bain & Company speak to what the initial coding assessment consists of and what your day to day like? This is for the product developer role. Is it more of a software developer / engineering role or does it include machine learning and consulting?

like

Did your company give you a WFH stipend?

like

Does anyone have any COVID-friendly optometrist recommendations within the district? Looking to find someone closer as I just moved in the city

like

Been working for KPMG for 1 year and 10 months right after Non-MBA Masters. Want to jump ship to the other Big 3 very very soon. Should I apply/ am I eligible for senior roles? Especially Deloitte/PwC

like

If you were looking to exit Big 4 Consulting, what positions would you be targeting? I have done a little of everything with no specialization (great performance reviews across the board). But now a little unsure of what my skills really are from an employer POV.

like

Recommendations for a ‘low-cost’ gym on the UES? Around E. 75th to 85th street preferably. There is a NYSC on E. 76th but they need my credit card on file and I don’t feel comfortable with that

like

Who's at the Westin in Waltham?

like

Anyone in m and a tax at DT - can you share your experience culture teams leadership etc?

like

Good Marriott hotel in Vegas for Christmas time? Platinum elite member hoping for upgrades.

like

Has anyone taken the SHRM SCP? If so, how was it? Any advice?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal