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I was in the final stages of an interview with Microsoft two weeks ago, in partner marketing. Then the recruiter told me they were putting the hiring process on hold to assess the need for the role. Well, then we heard about Microsoft layoffs last week. Seems like most were in Xbox and Project Alpha but there’s not a lot of information out there. Should I hold out any hope that I’m going to get this job? Any insights on how much these layoffs have impacted the marketing org and/or new hiring?
So, lay off until the pandemic blows over.
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Rising Star
This is the result of moving work offshore. None of the smaller firms are doing RIFs
aprio
In public accounting some has to do with lower levels of attrition than usual (tax and audit) and some is less consulting work. It isn't a new normal post covid, it is economic cycles. Don't be the bottom 20% in realization.
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I have worked in 2 large industry firms over the years and we never had layoffs in accounting or tax . Time to leave public accounting
It is driven by offshore trend in mid market cpa firms
None of the RIFs are massive. Most are specific to a region or service line too. Many reasons why this is happening. None that should be overly concerning. 1- firms did hire up based on expected growth that didn’t pan out (all big 4 were under growth targets). 2- lower % of voluntary terms means firms need to do higher involuntary to keep the flow of new hires coming in (can’t stop hiring bc we need people going into the industry). Firms generally assume near 20% turnover annually.
I agree that many of these layoffs are a result of larger corporations moving work offshore. Companies who are not laying off might not be hiring either. They might hire a few contractors until the revenue projection improves for 2025.
RIF is due to low rates of attrition, KPMG just announced the 4% layoffs due to this
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