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EY 4, I'm in the SE Region. Some of the people that got let go were a complete shock. Highly rated, well liked. Others were obvious low hanging fruit, but my staff was/is excellent.
They increased hiring significantly at the staff level the past few years but didn't increase revenues at the same rate. In order to get a higher number of staff, they took from a lower rung of candidates than they normally would. Two years later your left with folks that need to be cut, so they get rid of the low performers that they probably wouldn't have hired in the first place under normal circumstances.
@EY18 What did the voicemail say?
No, that part makes sense. What I'm getting at is the part about the hiring standards supposedly being so lax that even inferior (in the eyes of ey16) candidates got in. That's so elitist and also completely overlooks the fact that there is more that goes into a bad rating than being "inferior." Such as politics, learning opps, being set up to fail, etc. life isn't black and white and it isn't fair to dismiss people who get fired as less quality candidates. Plenty of intelligent and hard working people get put into shitty situations and bam, you get a bad rating that makes you susceptible to being laid off in times like this.
I would say the situations you speak about are the exceptions rather than the rule. Probably most people getting laid off were just lower performers than their peers because they either 1) don't understand Accounting as well as peers, 2) lack the responsibility of peers put forward lower quality work or 3) just take longer to learn than their peers and are caught on the shit end of the stick. Of course you'll also have your people who were just bad luck, wrong place, wrong time, bad situation. But that's probably few and far between.
4th year SM. Part of the hiring process. Part of these discussions.
EY33, I've just heard San Diego, along with the staff 2s quitting in Sacramento, you have any other cities to add?
Everything I've been reading from last week and this week has mostly been audit with a few tax sprinkled in. And I believe central had their layoffs last week for the most part
Praying indirect tax stays the same - we're approaching busy season
Friend in dallas office was laid off
EY 7, what service line and level? I'm sorry to hear that.
That is crazy, crazy, crazy. Literally no one is safe. I wake up every morning with dread. It's like a cloud that hangs over me. Again, I'm sorry to hear that.
Those who've been laid off, what's the reason the company is giving you for getting laid off?
^ Florida
@EY9, sorry to hear, hope you find something quick. Up here in the Northeast and hoping that I don't get my bad news while on vacation for the week.
Checking in from Midwest. Haven't heard of any at all
Also Midwest, and haven't heard of anything.
What about NYC? I haven't heard anything about layoffs ....
Thanks. I'm in one of those cities, but haven't heard anything yet.
Yes. It hit Boston.
I lost two of my team members yesterday
@EY 18 What office or region are you in?