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How common are layoffs in big law?
https://trak-in.cdn.ampproject.org/c/s/trak.in/tags/business/2022/08/20/1-2-lakh-cognizant-employees-resigned-in-90-days-36-attrition-is-cognizants-2nd-worst-quarter-ever/amp/
Attrition+economic slowdown and tech layoffs, mixed bag it seems. What are your opinions on this ? Will there be good hike next season or any talent retention steps to be taken here? Deloitte Deloitte USI
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In which hikes are given in Accenture??
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FDD and CMAAS just got a raise so not sure what part of the Deals practice you are referring to
Maybe they gave the raise knowing half of us would be gone in a month?
That’s what I’ve heard. Mostly outside the Bay Area though.
Damn
Exactly
K not half but you know what I mean
I don’t think so...maybe they get rid of low performers but I don’t see any reason to do layoffs otherwise. All the financial reports show the practice doing really well and utilization seems fine as well. But maybe I’m missing something
Ive heard they stopped for some deals practices
My bad, stopped hiring
Is it a PwC thing or industry thing?
I know some are getting ready for a cool off. But the hiring frenzy the firms were going through was never sustainable