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Hi Amazonians, I'm looking for a switch to a PBC, especially Amazon. Could you guys please refer me for SDE-1 position in India location?
Skills: NodeJS, Angular, Django, MongoDB, MySQL, AWS, Distributed Systems etc.
YOE: 2.5 years
Location: India (preferred cities: Delhi NCR, Bangalore, Hyderabad)
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Is this true ?
Conversation Starter
Well hello guys!
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First, we know that we’re not in a recession because we have a rising gdp and 3.5% unemployment
Second, we know exactly how consulting handles recessions because we saw it during our last financial crisis in spring 2020: consulting agencies will 1) cease bonuses so they can continue to pay talent 2) drastically cut PPMD wages so they can continue to pay talent 3) increase the attrition for the lowest performers and longest bench riders
If there is one thing that 2020 taught us, it’s that’s talent is the key to a company’s health, and they’ll do everything they can to keep it
lol you’re ignoring the previous 2 consecutive quarters of negative GDP? And the thousands of people laid off already, which is likely the start of something larger?
https://layoffs.fyi
Financial services is fairly stable
Working for public accounting in consulting or auditing has been stable. Banking is very regulated so works gotta still get done and regulations kept up with regardless of market conditions.
I’m baffled at these questions. Why do you think consulting is safe haven for anything ? How are you safe when your clients are going to actively cut their discretionary budget which funds most consulting projects? Only projects that are going to support cost cutting initiatives will continue. There are not a lot of them
Also, just look at 2020 for a trailer. From uncle D to EY, they all cut employees, removed bonuses and cut partner pay in that very short term downturn.
PwC at least in Europe and Canada did not fire in 2020 in tech/cyber consulting afaik.
I think the question depends on the sector you’re consulting in. I’m in cyber and I’d like to believe we’re rather recession proof at the moment because of the mix of low client maturity and increasingly stringent regulations.
Chief
Healthcare. Certain consumer staples.
Rising Star
Nah we have pretty much frozen hiring till next year Q2 outside of key leadership hires.
Government spending typically rises during downturns. That’s safest place to be.
When it comes to layoffs during recession, it’s not just about the industry’s sensitivity to economic cycles. Company culture plays a huge part. Those that prioritize employees are more willing to take short term hits to profitability to maintain morale. Consulting firms do not fall into this category. They practice what they preach and cut.
Private companies are safer than public companies that are held accountable to quarterly results.
Private companies are safer. They don’t need to cut headcount to satisfy markets.
*safe haven
And no industry is technically immune to recessions. Consulting will prioritize and enforce low performer attrition in these scenarios before approaching layoffs.
What about hiring when non consulting industries lays off?
Healthcare and Government consulting are two of the safest areas but nothing is ever guaranteed. People that work hard and are dependable are generally fine. If you are average and on the higher end of a pay band be ready…
Autozone killed it during our last round of this. Look at companies like that whose business actually increases during recessions.
Been through three cycles. The key is to stay on a billable project and off the bench. We (consulting) are the fist to layoff and often the first to hire as the demand picks back up. Just look what happened in the 2nd half of 2020 and the hiring franzy in 2021. Not sure what 2023 will bring but hold onto your seats.