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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Overheard my mgr and senior mgr talking about someone getting laid off. I'm in advisory

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They are firing people who got 4s in at least one of the tech areas

Cutting just based on rating or also based on not hitting utilization?

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@d10 why do you think she was let go

She was in a small office in the NE and I don't think they needed the BA numbers there

@C8 I know a 2nd year BA who was laid off in March; don't know his rating but he had very low utilization

Following!! I am an Ex-Deloitter

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D10, you will notice I referred to year end, not March. Other criteria used during that period I presume though I don't know exactly. For year end, my comments are accurate (I say that knowing that someone will soon point out a one-off exception).

D56, what group/practice where they in?

Anyone know if you get your full MBA tuition reimbursement if you get laid off? My class is due for second half reimbursement in Sept 2016 so would be pretty ridiculous to lose it now...

I got a meeting invite eerily similar to the one Deloitte 10 described. Will follow up but looks like layoffs real deal right now.

I knew 3 S&O and 1 HC later off about 3 weeks ago.

D37 I doubt it

And so the spin and swirl continue. Talk to your counsellors or RSLLs.

Good advice. Find anything new, PWC1?

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Please help him with referrals.

Correction: TC 51.3 has 15% variable.
Experience: 11 years (Marketing & Brand Manager)

Location: Bengaluru, Karnataka

#mba #marketing #branding #layoff

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Should I negotiate a severance package even though it’s not in my contract and it’s not required by UK law?

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All these layoffs reminding me that loyalty is dead

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