Layoffs not only contained to PwC...I like to think of it as mandatory free agency.

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

Why do people assume that utilization is the only metric that matters?

like

S& has up or out. They are not layoffs.

like

Not sure I'm following. We just had a CRT, in an up or out environment. Getting counseled out is fair game.

like

It seems very political S1. Hard to accurately gauge performance in large organizations.

like

At Booz we used to have something called repositioning which was intended to help you find a job. You could also ask for repo on your way out. If you were tenured enough, it could amount to almost 4 months

like

Not true, I know 2 coworkers last week who were laid off

like

Look, not being facetious here. How would you expect that to happen? Could have that process been better communicated? Absolutely. Should we offer repo as we did before the acquisition? Hell yeah. But had pruning happening every cycle.

like

What is repo? Also I hate the terms pruning, cull, trimming. These are people.

like

Agree with S&1. I know people who were laid off, they were just told they were being let go, but it was a necessary/pre-emptive move on the part of S& leadership in order to push thru the promotions they wanted. So it's not being communicated the same way, but the process is loosely in place.

like

I agree it may not be layoffs but it's really just a matter of semantics. All the "layoffs" PwC has had makes them seem more and more like an "up or on/out" model without the scary business model behind it.

For me it was definitely utilization. First year MBA. Very good reviews all around but I was stuck on internal work for a long time. Small group without a robust pipeline. Plus S& has higher rates so I was "competing" with comparable PwC talent (who were likely cheaper and potentially more senior). The nicest thing I can bring myself to say at this point is it was not a great fit.

Severance is an insulting 2 weeks plus accrued vacation. Good luck if you have to break a lease.

like

Monday morning. Seems like the same story as all the others. Partner meeting scheduled and when I called in HR was on the line.

like

Doesn't sound like up or out. People had decent utilization.

They were "laid off" without warning. That's not using the up on on plus model

.

.

.

S& sorry. When did this happen?

^Fuuuck. That sucks. If it's any consolation, my buddy was cut last month, already got a new industry job, 30% pay raise and "optional travel".

Related Posts

Data is coming in: Robinhood layoffs are mostly women and POC

Two white men (who were not laid off) on the design team got six figure bonuses the day before the layoffs from the founder himself

Clear racial and gender preferences in layoffs. Lawsuit brewing.

like

I was informed today that my employment would be terminated at a tier-2 consulting firm in Toronto. The reasons for my dismissal are unclear and I would like to get legal advice on the termination agreement and severance package that was offered. Has anyone experienced a similar situation and can refer a good employment lawyer?

like

How are my NY peeps handling the holiday layoffs? H really knows how to stick it to🎅...

like

What are the details around the Deloitte layoffs? Any particular methodology to letting people go?

like

I was laid off recently from my role as my firm declared insolvency. I had an interview with Deloitte today (My background includes tier 1 graduation, work experience with investment banking firms as well as consulting firms) and the interviewer thought that they could arm twist me. The interviewer was rude from the start, didn’t let me finish sentences, treated my work experience lightly and later told me that the work is tedious and she doesn’t want me complaining later. Continued in comment..

like

Any layoff news in HSBC ?

EY is going to start with layoffs in July. Do you think the latest proclamation on H1-B visas will make leadership think of putting us on the chopping block ahead of others (all other things being equal)?

like

What are the odds that I’ll be allowed to WFH after completing my FLDP (the undergraduate kind, not the MBA kind)? I know people always say you’re more valuable to the company after you finish these programs but do I have enough leverage to do this (and not get fired, haha)?

like

Anybody else also having the layoffs anxiety already ? Any update/rumours about GL ?

like

Anyone know of big law firms in Dallas where you can be M&A, make market/bonus by billing in the 1900-2000 hour range every year and not get fired. To early to decide if I want to shoot for partner or go in house. At this point, just don’t want to bill 2000-2400 hours a year to get a garbage bonus (5%). Double points if the culture isn’t god-awful. Does such a place exist?

like

Hi fishes,

Got offers from Nagarro 22.5lpa fixed, EY GDS 20.5 fixed + 10% variable and Cognizant 20.5 fixed. Having 6.5yrs of experience working in the business marketing domain and not into technical.

Cognizant and Nagarro are giving me hometown location where as Gurgaon for EY. Considering the recent layoffs, please share your views which one to join?

@Expert advice

like

Another point to keep in mind amidst PwC layoffs is we have ~60K global in advisory. Condolences to ya'll who got axed, I'd be just as infuriated. How large are your firms consulting practice?

Anybody who got laid off in the current wave and looking for a referral in Zalando in Germany, feel free to DM me. Happy to help.

like

As if it wasn’t hard enough for front line workers, now we’re hearing about fake N95s that have been distributed to healthcare workers. Need I remind you, this occurred during the “Complain about PPE and you’re fired” fiasco. 🤬

like

Hi, received an offer from another Big4 in Amsterdam (currently working in Eastern Europe), but relocating, I’m concerned about potential layoffs in the coming period being the last to join the team.

I hear layoffs in walmart.
It is affecting India also ??

PwC layoffs news?

like

Do you work in advertising and have either gotten laid off or a pay cut? If so, was it only sensitive clients (ex. travel) or to all employees?

like

Hi Everyone

I joined CGI on July - 2022 but still now i am in bench only not getting any project,
I am worried regarding the layoff any one please share your inputs here

Thanks

like

More Posts

Hello People,

I wanted some information on how to do it and it's consequences in the following case. Keeping in mind it's for MNCs mainly TCS
1. Saying no to an offer letter
2. Asking the recruiter to delay the deadline for my acceptance of offer letter.
3. Rejecting the job after accepting offer letter and before joining.

like

Is Lunch/Breakfast free at Amex offices ?

like

Much needed! Thanks for rolling this out

What's is the best serum or method to thicken grow or re-grow eyebrows

like

Any idea why Campaign hasn't featured any articles about D&AD or One Show? First I thought it might be against awards this year, but they're making a big fuzz about their own Campaign awards —which no one cares about.

likefunny

Hello everyone,
I am actively looking for new opportunities in Tableau (Server/Desktop),Power BI roles.
Can anyone please refer me if any openings are available in your organization. My experience is 2 years in BI domain.

Hey everyone. I’ve been hearing a lot lately that we need 2-page resumes instead of the standard 1-page. Thoughts?

like

Did anyone get an update on their H1B registration from BAL? I got an email on March 11 saying that my account was opened on cobalt but nothing else since then!

PwC folks, did you negotiate your offers for employment and if so, what was the result? Context: Looking to join their Ops Consulting practice. Tier 3 city. Offered a decent base plus signing bonus and wondering if there is typically any wiggle room.

like

Can anyone suggest how can I save more tax at NTT Data ? My fixed CTC is 15 LPA

like

I am on week 9 of wfh. Since then I have worked from my carpet floor and now I’ve been working from my bed (due to my butt and back hurting). As a result, I am looking to buy a desk and ergonomic chair since we aren’t going back to the office for a while. Could y’all please drop amazon specific links to affordable desks and chairs? No more than $175 for each. Having trouble finding any decent ones that fit this criteria

likesmart

at what time of the day you do your best work? I fee like 7-8pm to 12-1am are my prime hours and my brain works so much faster. mornings are such a waste (and by that I don’t mean really early but rather late morning). it seems that I am most focused after i’ve had enough in my day and ready to just sit down and work peacefully

like

What happens in case of OBI violation any idea in Morgan Stanley?

Tomorrow is the first day of the new work week. What are your goals for this week?

like

Do you wear your heels to happy hour?

like

What’s up w recruiters who pretend to be your new BFF and then ghosts you if you don’t get the gig? I wish they could be upfront about that. “ I’m only interested in you to get my commission. I really have zero interest in you as a person. Buh- bye!” So rude.

likefunny

After one interview, I tried to withdraw my candidacy due to the salary being lower than expected. Shortly after the hiring manager contacted me to inform me that they accidentally gave me the wrong salary range and invited me to come back for a second interview. I delightedly agreed and the second interview went very well, BUT I haven’t heard anything back yet. Did I accidentally kill my chances by withdrawing too soon then deciding to come back?

like

Hi everyone! I applied for a company just before quitting my current job, and now I got to the last stage interview and I haven’t told them that I quit. How should I let them know? Is it worth it to risk it and not say anything? Maybe they run background checks… should I address it when we’re discussing notice period and starting dates?

like

I'm working as a Siebel admin from 4 years and have very basic knowledge on configuration and was able to crack an offer from one of the service based companies. Planning to learn Siebel from any of the coaching institutions before the joining date.

Any suggestions?

like

Hi Fishes,

Can you please let me know the in-hand salary for below salary structure after exhausting full 80C(1.5 lakh), i have only 80C as investment

Post Photo
likesmart

Additional Posts in Consulting

Have a friend who referred me to a job at Accenture. He mentioned some of his clients that he has worked for and I have worked with them in the past. Would it be bad to bring this up in in the intervi

like

What’s a good book when you’re more of a project manager but want to give the effect of leadership ?

like

Is work ever not stressful? I’m stressed from working a lot/lack of predictability on my current project, and when I was on a sham project that only required maybe 2 hrs/day, I was stressed that there wasn’t enough to do and we would get “found out” or fired eventually. I’ve been stressed having to pretend to work, and I’ve been stressed having too much work. Lastly, I’m always stressed no matter what the project because I never fully understand the work, subject area or the solutions.

like

Fellow 🐟 what industry verticals have you had the best experience working in and which do you see yourself specializing in long term?

like

What are your thoughts about HOW long is too long to commute for a semi-local project?

likehelpful

Any other NY residents get their MBA tuition write-off rejected by the state (but not federal)? The company that supposedly knows how to do it correctly (FileIt) managed to get mine rejected

like

Sending resume out to hunt for higher pay.. my internal resume is 7 pages long (i’m an AP) ... I know no one will read past page 2 or 3 so focusing on last 5 yrs .. any tips on shortening resume!

likehelpful

Big Four consultants, what is your firm’s policy for this year on promotions, raises, bonuses, layoffs? At PwC there’s a freeze on raises, minimal promotions and smaller bonuses. Pay-cut for partners. No layoffs, at least in the near future.

like

Anyone knows anything about IDB (Israeli Discount Bank)? Expecting an offer from the local NYC office. Would like to know about work culture, senior leadership, benefits, etc.

likefunny

What office supplies are a must? Outside of that privacy screen

like