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
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.
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.
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.
Why do people assume that utilization is the only metric that matters?
S& has up or out. They are not layoffs.
Not sure I'm following. We just had a CRT, in an up or out environment. Getting counseled out is fair game.
It seems very political S1. Hard to accurately gauge performance in large organizations.
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
Not true, I know 2 coworkers last week who were laid off
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.
What is repo? Also I hate the terms pruning, cull, trimming. These are people.
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.
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.
Monday morning. Seems like the same story as all the others. Partner meeting scheduled and when I called in HR was on the line.
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
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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".