Lots of farewell emails this week at PwC. People getting laid off? Has anyone heard anything about it?

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

Hahaha EY 1, this is Advisory, consulting doesn't have a busy season... It should be busy all the time

like

I thought the exact same thing. I've seen 5 of these emails in FS over the past few days...

like

I would not be too surprised...

like

FS wide- it's worse on the BCM side.

like

I'm in TICE and I haven't seen anything. Just one last week or two weeks ago I think. A lot of people that say they're leaving are also saying they're going into something else so I think it's voluntary on that end

like

Was literally just going to ask this... Got 3 this morning

like

Is it just an FS thing? Because the only emails I get are daily time reminders and "Your Firm Today"

like

I know I'm FS they hired a ton over the summer and now there's not a ton of work. Sucks, hopefully picks up soon.

like

It's FS - I've seen EA to Director

like

People have been disappearing sans goodbye emails for three months. The util #s are rough.

like

You mean they're getting let go?

like

Some yes- I know for sure. Some- I'm just guessing but don't know for certain.

like

In FS*

like

PwC2 is it just within a particular practice? Or all over FS?

like

I know Partners are getting a lot of pressure to increase utilization of their staff. So this could all be related.

like

Maybe just an FS thing. I've seen about 5 farewell's since yesterday afternoon

like

That's interesting. What level were they? It's so expensive to recruit, hire, and train - I can't imagine them firing too many new hire associates

like

New hires most likely won't be fired but there are quite a few that have never been staffed

like

Utilization scrutiny at an all time high... Not surprised.

like

FS = Financial Services?

like

Related Posts

What is the EY severance package ?

like

So, a spot I made (concept to completion) got shelved due to COVID forcing the client’s marketing plan to change. During that time, my partner and I were laid off. Recently, the spot aired, but the agency credits a different team for the work – me, my parter, and my CDs aren’t listed. Do I ask the agency to correct it? Just throw it in my book with explanation? Just take the L and chalk it up to that being how the industry is?

like

Did you tell your friends and family you were laid off? So far, the only person who knows is my partner and I'm not sure if I should tell others.

like

Has Accenture strategy capability network done away with the rating system ...If yes then how do they layoff or decide on annual hikes ?

like

My heart goes out to all the people who were laid off today.

like

Laid off two weeks ago. Doing some freelance, interviewing a lot but sort of losing my mind. What have you done to keep yourself sane in times of under employment?

likeupliftingfunny

Who here has been fired? How did you bounce back?

like

Lowe's I am selected in Lowe's India as an Associate Software Engineer, I am currently serving my notice periodin current organisation. Shall I consider joining lowe's india, considering current layoff and recession going on in market?

like

Fishes how is the work culture at Nokia? Heard about their layoffs earlier in the year, is it a stable product based company to work at?

like

Being terminated as part of reorg. 13 years of service, consistently exceeded expectations. Officially considered partner.
Package is 26 weeks of severance pay, two months "gardening leave", plus payout of long-term incentive. Would have preferred a more cooperative approach to voluntary retirement. Thoughts?

likehelpful

Hello Fishers,
I will be joining
Credit Suisse this month end in Pune location. Can you provide me an update on the layoffs?
Also, Does credit Suisse provide initial hotel stay for their relocated employees?Credit Suisse

like

I have heard a lot of layoff news for Biotech companies lately, has anyone been affected or have any insights?

like

Have I just had bad luck with the companies I've been at or is it like this everywhere? I've had 7 managers in my 4 years of experience, 3 in one year at my first position (which is why I left) and now 4 at the 2nd company in 3 years. There has been a mix of people leaving and people getting fired but the instability feels extreme.

like

I'm wondering what everyone thinks about layoffs in recruiting?

like

Would you rather:

Be laid off unexpectedly with an immediate termination date but you have a severance package.

OR

Have three weeks notice the end of your contract is up and won’t be renewed but have no benefits because you’re a contractor?

Currently going through the latter and curious how others who have lost (or will lose) their job would feel.

like

I’m at an agency that just went through several rounds of layoffs. It often seems like staff have no recourse when the layoffs hit. How could a staff union assist in that situation?

like
like

I was laid off from my last job and just started a new one, but I’m already going through anxiety worrying that every meeting that pops up w my manager is going to result in getting laid off again. 😐

How do layoffs work if we’re all working remotely? For example: Does the direct manager and someone from HR do it? Does your computer stop working immediately? Do they ask you to mail your computer and ID badge in? Is it done via videoconference?

like

He fired Vindman’s twin brother too. What a petty, small man this President* has turned out to be. Thank you GOP for showing your true colors in electing this dotard into office.

like

More Posts

Is it worth getting medical weed card?

like

What are TC range of S& at senior associate level?

likesmart

Do you guys have any advice for me?

I have been straightening my hair with a flat iron forever and as a result, my hair stays straight even after washing.

I desperately want to be able to wear my hair the way it grows from my head but it is not possible. Is there anything I can do to fix it? Do I have to just cut it all off and start over?

like

Newly diagnosed & medicated and new to consulting.
I’m great with clients but getting bad evaluations because I’m slow to produce work and don’t take time to communicate status.
I’m trying really hard but I keep getting stuck in perfection loops and scared to share things before they’re perfect.

Did you struggle with this & find a way to improve? I’m terrified I’m going to get counseled out, but I love this job so much.

like

My H1B extension was approved last week! Just want to throw out some positive vibes for everyone who’s still waiting on decision, and good luck!!!

like
like

Tokyo: Prince Gallery or Ritz Carlton - using points

like

It's Thursday : ORD Peasants, repeat after me. Always fucking take the laptop out of the laptop bag...

like

Hi Guys,

Magic Ed tech work life balance, project, hikes ? Yoe - 7.
Offered - 28 lpa
Bonus - 1.5 lpa

like

Any FAANG Product Managers open to sponsoring a referral? Planning a tech consulting exit into a product-oriented role.

likefunny

Just had a HM pass on my resume because among other things my team used R in production instead of python. Worst part, I can't say I don't get it...

R friends, please help me fix our reputation. Let's show everyone we do know about OO programming, reusable code, and TDD! 🥹

like

Just took a pregnancy test this morning and it was positive. I'm so happy :) that's all

likeuplifting

I'm at KGS as an Assoc Consultant (functional consultant). How can I make a switch to front end consulting (not necessarily in KPMG).
How long does it take to make that switch?
And can front end also mean sales, because that is where the money is from what I have heard.

PS - I'm new to consulting world

like

What's the yearly appraisal percentage range in Capgemini engineering?

like

Meme of the day

Post Photo
likefunny

How tight should suit pants be around my ankle? Want a good fit but not obnoxiously tight but want to wear loafers

like

Hi guys,

I need genuine suggestions. I was holding offer from IBM & now have got a good offer from a mid size organization.
I want to negotiate with IBM & join if they provide matching CTC.

Do these companies negotiate? When & how should I start negotiation with them ?

I would like to talk professionally so that they provide me a matching CTC or in case, they can't at least they don't block me for future openings.

Please suggest, if anyone can share their experiences.

like

Any referrals available for QA Manager? Have around 15 yoe and looking for a job change.

like

I want to get a “thinking of you” gift/memento for a coworker in a different office. Do any of you have any ideas?

like

Paul Hastings in SF. Anyone have any insights, good or bad? Thanks!

like

Additional Posts in Consulting

My heart goes out to all the people who were laid off today.

like

What companies are helping fund home office / wfh expenses? (Either with a stipend, reimbursing certain items like monitors, standing desks, ergonomic chairs etc?) please share stipend amount / what is covered by your policy, if you can order items of your choice and get reimbursed or if you’re restricted to specific items through your intranet site/system, etc. TIA!!

like

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

What questions do you like to ask interviewers in interviews to assess the role, team, and/or company?

like

My spouse works for a company and team where one gender dominates the workforce. Think 90%+. On team calls, i hear my spouse openly mocking his/her direct manager in front of a someone that reports to my spouse, saying that the direct manager is new, inept, provides illogical statements, “you know [him/her]… always illogical” etc. i think this is a dangerous behavior since, if this someone was to share this with the manager, i think it would do great damage. Am i overstepping my boundary

like

A recruiter reached out to me from EY regarding a Software Engineer position in consulting line. Role mostly revolves around microservices and cloud related technology. How much TC should I expect for the position with 5 YOE? How much round would I have for negotiation?

like

If you don’t meet utilization by YE, are you still on the chopping block even if it’s your first year?

like

With two years of consulting experience, I’m scared of looking for jobs. You may laugh at my imposter syndrome, but I developed an interview phobia. The last time I studied for case interviews was in the final semester of my MBA a bit over two years ago. After I’ve failed many interviews (cases), I got into my current job by cracking difficult cases. Now, busy with ongoing projects, I have no desire to study case interviews again. How much of practice would bring me back to proficiency? 3-4 mos?

like

Consulting firms with best WLB for business advisory?

like

The Deloitte audio conferencing doesn't work with the client laptop. Aaaand client hasn't paid for a webex license for contractors. How do I set up a call then?? #frustrated

like

People who took risks in life, where are you now? People who took the safe route, where are you?

likehelpful

I really like baking and have always brought a little something to my other jobs for Valentine's Day and around Christmas time. Would it be weird to hand out homemade pastries/desserts to my co-workers? (Especially if I'm really new)

like

Are there good cover letter examples to recommend? I am applying for MBB and trying to make sure my cover letter is good enough (I am putting two very different international offices and need to explain the rationale)

likefunny

Older Partner/Director passed out on my flight the other day and it just serves as a good reminder that no job related stress is worth more than your health. Remember to take care of yourselves fam

likeuplifting