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

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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.

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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.

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@accenture2 people at Deloitte tend to consider people being counseled out / not promoted to manager as a "layoff" which is incorrect. There's just been so many M&A deals that last few years that they promoted everyone . Deloitte is starting to go back to a hit more up and out .

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S&O, SCMO, no personal knowledge of layoffs, even in E&R, just a hiring freeze... Deloitte globally loses something on the order of 30k+ staff/year, and generally doesn't need to do traditional layoffs because naturally attrition is so high. This feels like panicky behavior because a few people were let go after performance reviews. May be wrong though.

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Following - need more good consultants - NYC area for FSI

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Confirmed- Deloitte layoffs happening. Not OC. Person on my team got news today. Would anticipate more to come this week.

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They let you send emails

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@D24 / @D39 - as someone in the March round at Uncle D, I can confirm they don't immediately take your laptop or shut off your email. Your laptop has to be in by COB and your OWA / DTE access is until EOD

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For anyone more senior, this was already discussed as part of year end. There was a small round of layoffs prior to year end to adjust staffing levels - mainly due to lower attrition than anticipated. For year end we held a hard line on distributions, which meant some people who would otherwise have been 3s became 4s. Most of those 4s are being OC'd - which is normal in an up or out model. This is not some big new round of layoffs.

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Shouldn't that change though. This seems like a joke. Shouldn't you go back and tell them to re-assess the needs. I am sure savings in signing bonuses and training time costs more than improving the current talent.

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@D5. You got to be kidding me. Wouldn't this affect work product quality? Wouldn't this become obvious and no MBA hire would want Deloitte as their first choice.

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I'm just riding the wave until September, then a layoff might be welcome while I test the market anyways.

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Shit...just got the infamous "connect with Partner X" invite. For reference, 2nd year S&O SC (MBA hire)...was told I was on track for promotion at midyear and have had all 2s and 3s (mostly 2s). Peace out FB...

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There are instances where they don't even tell your counselor that you're getting the axe

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I can confirm d17. They are not notifying counsellors. And HR didn't reply to inquires regarding my counselee.

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Glad I'm cyber risk

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I thought the layoffs were a quick burst a month or two ago - is anyone 100% sure they are still occurring?

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This is Deloitte Consulting only, right? Haven't heard anything for Advisory.

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Are they firing 1st year BAs, 2nd year BAs?

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@D52 - HC is tiny compared to other service areas, so I'm not surprised this is the spin put on things at a team dinner

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D56 - can you confirm what service line or areas?

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Consulting S&O

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Somebody say layoffs?

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A friend of mine from a top tier consulting firm was counseled out. Do you consider it ethical that his career counselor is intentially spreading the information to his colleagues and to other consultants from other companies in the project? What can he do about it? Specially that he considers the potential layoff is purely based on the current situation (chargeability was low) and not on his performance (they said that his contribution to BD during his bench time was low)?

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If I just chill on the bench for long will I still only get fired at the end of the year?

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S&P Global I heard S&P Global recently fired so many people from Ahmedabad, Gujarat location.
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Layoffs. Most big firms say they're sitting on a conservative pile of cash - which I believe is true - but work will obviously not return to pre-COVID levels in the short term, probably not even in the medium term. Are Biglaw layoffs coming?

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Hearing of layoffs with some Chicago agencies. MSL...Porter...Ketchum...others? Sign of bad economy coming? Hate to sound skittish, but I lived through 2008

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Hi all, i was fired today because i said the truth!! Isn’t that interesting?

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Entering my 15th week unstaffed for the year. Does Deloitte do layoffs for low utilization? Mine is around 60%

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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Boyfriend has seemed to be dropping a ton on me lately, even after I got bad news that my company is t doing so hot this week and layoffs are approaching. First it was that we may be moving to another state for his job, then it was that his brother may need to move in with us for a few months after he graduates

It’s just a bit overwhelming at this time and I’m not sure how to communicate through all of this being thrown at me. 3 yrs together and we were friends for many years before that.

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Any news on layoffs/recession in banking industry?

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When you say your salary jumped __x, how is that exactly calculated?

Mine was $16k (minimum wage before joining corporate) > $40k (contractor total before getting laid off) > $150k (current FT)?

Is that a 260% jump or 2.6x from $16k to $40k?
And a 375% jump or 3.75x from $40k to $150k?

Or do I calculate it by hourly rate?

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A reminder to all: we are going through very difficult times. Please help someone who has gotten laid off if you can!

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Know this may be a long shot in terms of actual responses but:
@PPMDs, what are your thoughts on the current/impending COVID specific layoffs at your firm?

E.G. Glad for the opportunity to reduce the headcount of mid performing SMs with little/no chance of making PPMD? Sad to see a firm you’re a part of undergo such unforeseen circumstances?

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I got an email from a Cybersecurity Advisory Partner with the subject "Catch-up". Last week we all rolled-off from project abruptly b/c the client terminated the contract. Am I getting laid off?

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