Layoffs — has anyone’s company / firm “assured” them there would be no layoffs during this crazy time? And if so, how much truth do you think there is behind that?

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

Deloitte said no covid layoffs but our year end review is now and I’m sure they will lay-off more than usual based on “performance”

likesmart

Zero confidence. They implemented mandatory PTO usage for the next two weeks. Once everyone is negative, they will lay-off.

likehelpful

Problem is that my pto isn’t accrued. I haven’t taken any this year and I accrue only 96 hours per year.

I’d be more concerned if a company made this promise. No one knows full financial impact yet so any assurance is just wishful thinking.

likehelpful

Mine said that but the language was vague. Not surprised since we have a lawyer as a CEO

like

Visa ceo said no Covid related layoffs

like

But the entity is “over capacity” so they can cut anyone because they have too many bodies.

likesmart

Surely every firm uses this as an excuse to trim the fat and eliminate the low performing and those on PIPs

like

EY said there would be no layoffs related to Covid but like someone else said, that might just lead to performance based cuts 🤷🏻‍♂️

likehelpful

EY said for the "foreseeable future"... who even knows what that means?

like

Booz Allen said they wouldn’t lay anyone off due to covid until July 1.

like

I'm sure they'll accelerate some layoffs that would have occurred anyway. But I expect some movements

like

Mass layoffs now wouldn’t be good PR. Wait till the dust settles, that’s when they make their move.

like

All Big4 will probably trim some fat after this all settles out. If you are on the bench I would start making moves.

likesmart

The wording my firm used was vague, and related to low-performing employees being laid off faster than usual. Although in my industry, the senior staff with experience who don’t have their CPAs yet (which prevents them from being promoted further) could also be vulnerable

In audit and tax, seniors are simultaneously the most scarce and in-demand when it comes to getting work done (I.e., there aren’t a lot of us and we pull a lot of weight) and are relatively cheap compared to higher level folks. I actually think senior associates would be the most immune to layoffs. Source: I am an experienced senior associate without my CPA - though in progress! - and praying for the best.

like

What do you think ? Flowery whispering is de rigueur for turkeys when Thanksgiving arrives

Mine. No lay off or pay cut.

Related Posts

What is the EY severance package ?

like

I’m in my mid-40s with a 7 year old and baby. Is it too late for me to back into public accounting? I was laid off last year and found a great job in a large bank. I miss the flexibility, challenge and rigor of PA. I would love your opinions. Has the ship sailed for me in PA? If I go back I would be an experienced senior; maybe, a year or so from manager.

like

Sorry if this isn’t the right bowl! I was fired from my last job due to performance issues. I filed for unemployment and was approved, however my former employer filed an appeal. I’m not even sure what they’re protesting but it’s making me really nervous. What should I do now?

like

Is it noteworthy to have worked in the creative industry for 23 years -18 in advertising, without ever being fired or laid-off? Are there medals or gold watches for that?

likefunny

@pwc which verticals being hardest hit by layoffs?

Do we get a severance package if we quit? Or is it only if you're fired?

like

Anyone else ever feel like they are going to get fired every day?

like

What’s the average amount of time between full time roles after you’ve been laid off? Also, is it easier for ADs to find work than for CWs?

like

Just got fired (freelancer) for being sick.

like

Anyone else out there concerned that the market is going to go bear and we’ll be back to the days of endless layoffs and starving for projects?

like

Few years back, I heard from the inside Ogilvy Chicago and VSA formed an anti-poaching agreement to not hire each other's talent. I said nothing, taking no chance getting my source fired. Illegal?

like

is there anything you can do to a previous supervisor who screwed you over due to discrimination ? Reported her to HR but not enough to get her fired.

likeuplifting

This country needs labor laws that actually protect workers is when time like this comes, average folks like us don't have to worry to sick about layoffs.

likesmartfunny

are layoffs happening in Deloitte only or other big4 has same trend

Is this the week I get laid off?

like

Got an offer in industry and also got fired by the firm within an hour yesterday 😂 finally living my life for once!

like

When someone gets fired/laid off but they keep their previous title/agency on LinkedIn, does anyone ever tell them to change it?

like

What's the best way to get backing into consulting after getting laid off due to downsizing?

Anyone laid off from Deloitte been getting interviews? (Not for tech roles but more finance) im getting traction from head hunters but not much from firm website applications

like

Magic Leap laid off 50% (!) of their work force?!? This can’t be the cause of the virus.

Additional Posts

Sunday scaries...want to hear how everyone gets ready for the grind on Mondays, especially with meetings that start at 8:00 am. I hate taking away from family time Sunday nights. I’m struggling with WLB, especially with the “always on” culture and constant client asks/deadlines.

like

Hi. Any advise on how to prepare for Uber TPM interview. I’ll be working on behavior questions and basic system design.

like

The only thing that would convince me to join a union was if I was deeply and strongly attacked in any way at work, and needed legal help bad. What about you?

like

Does your blazer have to have a button and be buttoned up when you appear in court? Some of my blazers don’t have buttons.

like

Actively looking for an HR generalist role! Does anyone know any roles opening up soon in your companies? My background: have a BBA in HRM, MSHRM, and SHRM-CP certification. One year and a couple of months in EY’s People Advisory practice, and some HR internship experiences. I’ve done work with the talent team on my projects in the past. I’m looking to go internal ASAP so let me know if you have advice or know of any roles opening in your company 🙂

like

What does a Mid level Art Director brand side salary in LA look like? Have an interview tomorrow wanting to know my worth on an in-house team?

like

Should I apply for a job KPMG forensics(associate level) after 2 years audit experience? Have CPA but not CFE. Thoughts?

like

At which role one gets hired in deloitte consulting with an experience of 2.7 years in India? Can we expect a Consultant role?

like

As we prepare for the new school year, just want to wish all of my colleagues good health, strength, clarity, and compassion in all that you do, with abundant reward for your guidance in the positive growth of our young members of society. May calm peace be yours, everyday. Cheers! ❤

likeupliftinghelpful

Heading into benefits open enrollment and beginning to receive current provider renewal percentage increases (medical and dental) as well as market offers from other providers. Curious what other employers have experienced and hoping to receive successful negotiating techniques. My company is too small to receive claims experience data from the provider. What % increase did you see for a small to mid size company?

Anyone else starting to feel nervous about the extra $600/week unemployment going away? Also, is it just me or does it seem stupidly misguided that the Senate/WH prefer to send another stimulus check instead of extending unemployment benefits? Stimulus checks go to a much smaller subset of the population and aren't necessarily going to help those impacted by COVID layoffs. Not to mention the argument that it disincentivizes people going back to work is dumb when there are no jobs to return to.

like

Does health insurance always last until the end of the month after ending a job?

like

What monitor would you recommend for WFH situation assuming a IB/fund role? Know there is disagreement whether one wider monitor is better than dual smaller ones so would love to hear both perspectives. Some wider ones that have been recommended to me were Dell Ultrasharp 34 curved USB-C and Samsung Ultrawide 34

like

PWC SDC US perks, growth, hike and joining bonus?

like

Can someone help with the base salary range for a 6+ years experienced finance professional with FRM and CFA certifications in Big 6 firms in Advisory practice? Also, what should be the expectations for joining bonus during the current times?

like

Just got back from 2 week long PTO and the only emails in my inbox are the mass corporate ones... Did I get fired without knowing it? Lol

like

I’d be curious to hear about people’s chargeable/billable hours. What are your goals vs actual, best/worst years, etc. I’ve only ever worked at one regional firm so my knowledge is fairly narrow.

like

If firms go exclusively remote, I have zero reason to remain living near “home office”. Likelihood we’ll shift to that model, and can live wherever?

like

Word to the other newbies like me. ALWAYS choose PPO over HMO for insurance (if you have the option). The extra cost is so worth it for the quality of your healthcare and your stress levels.

likehelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
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.