Layoffs for Deloitte- who is doing them? How are they being delivered? Who schedules?

Was at team dinner last week w a Partner in HC - on the Partner & Principal call there were some q's about what's going on in S&O. Apparently while HC saw what was happening in the market and slowed down on hiring S&O did not and will now have to cut people (mainly just with 4s & 5s who've had them before). S&O is also having a hard time selling work to clients (and at present, HC does more strategy work). S&O is 20% S and 80% O - as a firm we are too expensive to be competitive in Operations. HC is doing fine. Heard nothing about Tech.

Folks, looking at so many posts on this. The reality is that there are always some outcouncels at the end of a fiscal year based on performance. Rating = summary of performance. You get your rating based on project performance, utilization, and firm contributions. So if you got a 4 there is some risk, and a 5 is big risk. Read all of the emails, etc. The firm has met/beaten plan for the year. It may give people a better feeling to call any terminations right now "layoffs", but anyone being OCed is really due to performance.

Layoffs are ongoing right now, heard both in HC and S&O. Right now they are targeting people on the bench for a while and people up for promotion that have always gotten 3's. After year end there will most likely be another round depending on final #s at year end. Best advice I can give is stay staffed and stay needed. This is a consulting wide thing though not just Deloitte. Many other firms had layoff rounds already.

Deloitte had a big year last year and got overaggresivecwith their targets. Although the year is good it hasn't met targets. And when your assets are people and only people, cost cutting starts with people. But this business goes in cycles, trimming the fat is a normal part of consulting cycles and D4 is correct in the up or out model.

Guys, stop posting "following". Just like the post and be done with it.

So when will they layoff the low performing Deloitte S&O partners and directors who are supposed to be selling the work to keep the staff busy? S&O PPD's are an aggressive and incompetent bunch who deserve a comeuppance - says this HC senior consultant.

Wouldn't be so bad if I got let go. Been wanting to leave firm for a while but they have me with the damn campus hire (MBA) signing bonus that I really don't want / can't pay back. At least that way I can keep the 💸

You will get an meeting invite to come into the office to meet with a partner. It was say something like connect with partnerx and be sent from their admin. You will meet with partnerx for like 2 minutes then a HR rep will walk you through the rest including your severance package if offered one (most likely they will). I knew about the round in S&O in March and thought another one this year was unlikely. Good luck if that isn't the case

*deloitte-ers tremble in unison*

Didn't Deloitte already complete their round of layoffs? Thought there would be no more (using the HC best practices...)

They're confirmed to be coming regardless of rating, level, and experience. Procedure so far this year is as described above. Expect the big axe next to the end of FY. Severance is ~2 months.

Deloitte has gotten so big in some practice areas that you are just a number. I know several people laid off that are stars who were unfortunately because they found themselves on the bench after a sale fell through. Another missed a sales target because they were coming off leave and had a lot less time to hit target. I hope competitors use this opportunity to grab some great people.

D60 is trolling, lol. That would be idiotic. Those had to be voluntary if true.

Yea because we all have a ton of free time and inclinations to troll our colleagues about losing their jobs...

Anyone getting suspicious meetings this week?

As datapoint, haven't heard of any layoffs here

Out West is rough for HC and anyone on the bench. Bench is very deep and it looks like leadership was too aggressive. East coast and Northeast are solid though with plenty of work .

@D54. I had a BA who I managed the whole time she was at The firm(1.5yrs in S&O) on a long term project. She received 2s on all her PEs (I was primary on all of them). She was let go in the March cycle. Didn't seem like that was a OC. I heard of a few cases like that. I do think that the March cycle was the only one that leadership is going to do.

Quick. They are out the door by noon. Usually get called to a meeting and told to bring your computer.

Can they fire you before the YE green light? June 1st? I thought we would be safe until then.