{ "media_type": "text", "post_content": "Prior to 2017, when was the last time there were significant layoffs at your firm?", "post_id": "5949039bfba50d00163ac107", "reply_count": 23, "vote_count": 2, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting" }

Prior to 2017, when was the last time there were significant layoffs at your firm?

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

Keep sippin dat koolaid. It's easy to push the false narrative that everyone is an underperformer - do you really think a bunch of nerdy accounting students are all underperformers? Lmao

like

2016

like

@Associate1 ehhh EY southeast region laid off a bunch of underutilized seniors and staff 2s last December

like

The southeast layoffs last year were over 100 employees

like

It's one thing if they're getting rid of tons of people at all levels. All the people who don't get promoted are the first ones to go so there are pretty obvious deficiencies. Public accounting is a numbers game so there's a good chance that they're letting go of the people at the bottom. People also say they were laid off to cover their low performance

like

Everyone had layoffs at almost the exact same time this year, and it was all due to falling revenue. Obviously they choose to get rid of underperformers first, that's just how logical thinking works. But they didn't get rid of them because of the underperforming, they had to make cuts because of $$$, and underperformers are the first to go.

like

There hasn't been significant layoffs at the firms. Getting rid of mostly low performing people isn't technically a layoff.

like

Also, if you work like you're always about to be fired, you're just super paranoid which is probably hurting your performance

like

A1 there aren't 200k employees world wide. There are 200k employees of all member firms world wide. In reality Deloitte has the most employees at approximately 40k.

like

Don't see too many under performers or lack of competence at staff level. Well known firms rarely hire from weak backgrounds. There are declining margins and deal closing is tougher for firms not going with a high/low cost leveraged model. Low cost offshore or other resources combined with onshore/local management seems to be the new trend. Firms that fall behind this have to let go staff due to declining sales since their rate offerings aren't competitive enough.

like

Only EY has 230 000 + employees worldwide. If the possibility of a layoff is threatening you this may not be a long term career for you. You may be smarter or whatever but there are specific attributes and skills that make one valuable for this industry.

like

Significant layoffs would definitely have to be bigger numbers than 10-20 people. There are over 200,000 employees globally.

2008/2009

Basically what I'm trying to say is: it seems like the economy may be getting ready to slow and companies are getting more strict on costs. Thoughts?

2009, EY(Northeast) had big layoff

Yes, they are OP. The industry had slowed revenue this year.

Deloitte 1... 2008/2009 we here by over 3000 in a day in 2008... remember our federal practice? Not a significant layoff..

Why do people say EY has x amount of employees world wide? They're separate companies under one umbrella specifically to handle international corporations. They don't share revenue or expenses unless specifically stated in a particular deal and they don't layoff or hire at the same rate or time.

All the big 4 do that because they're integrated firms and we work pretty closely with people in other countries. With your logic, different lines of business don't hire or layoff at the same time so we should just go down to specific office/group.

Yeah but diff service line share revenue and expenses and all partners are liable for each other's stuff as in any partnership. USA and England are not the same partnership and aren't liable for each other. If someone were to sue it would be two separate defendants.

Related Posts

Any layoffs at the other firms? EY?

like

Why aren’t the Accenture layoffs garner headlines like when tech companies do it?

likehelpful

So, how are different firms responding to this crisis? Layoffs? Mandatory leaves of absence, salary cuts, promotion delays? Anything else? Particularly interested in Europe.

like

So many new hires coming in. I just don't get it, with all the layoffs that happened a few months back and a bench so deep..

like

Has anyone been fired/let go/asked to leave from their company because of their company’s return to work policies? What was your experience?

like

If you are fired from your job, can you still put in on your resume? Otherwise I’d imagine people would have some long ass gaps...

like

Any updates on layoffs?

like

Layoffs at RSM this week? That’s what I’m reading online, can anyone confirm

like

PSA: Anyone on an h-1 who may get laid off can apply for a 6 month tourist visa. The visa allows you to stay (and look for other jobs), but you can’t work. Please consult an attorney.

like

What happens if I am fired while my b-school apps are under consideration? Does my admission offer get rescinded? Serious answers only please

like

I’ll be honest. I was fired. What can and can’t a prospective employer ask about why I’m not there anymore? (To both me and my old employer.)

like

Why would anyone with options work at Deloitte? Layoffs during a pandemic... & they handle it classely, unlike say a McKinsey. My friends in grad school were right to stay very far away. Low brow

likehelpful

Any wagers # of layoffs at end of FY?

like

I’m weighing an offer from Deloitte GPS in Human Capital (consultant level, 2.5 YOE). I’ve seen previous posts about all the people Deloitte laid off last year and I’m a bit nervous to accept because of it. Does anyone know if Deloitte is still doing layoffs? Was/Is it in commercial or GPS? And what were the reasons for the layoffs?

like

Cooley sounds like a good firm? Standing up to Elon Musk when he wanted a associate fired

likeuplifting

For all fired this year, do you put you were discharged on your background checks? Got an offer for a job and heard EY doesnt share if you were fired or left after resigning. Need help plz

like

Has anyone here been laid off due to covid19? I was, along with 100 people from my office, through a 6 minute zoom call.

like

Any USDC layoffs so far?

like

Looks like GT has not yet been bitten by the layoff bug. For GT employees, any rumors of actual or looming layoffs (region, service line/sub-service line and roles/positions affected)? Does GT (cont.)

like

Additional Posts

Just signed an offer with a mid-tier coming from B4. About to put in my 2 weeks, but will they ask me to leave immediately because I’m headed to another public accounting firm?

like

Zoom dick > all the other times I thought I embarrassed myself at work

likefunny

First period post-baby and have noticed a big drop in my milk supply. Normal?

like

How do KPMG’s perks compare to the other big 4? I would be coming in at a senior level in advisory. I have looked at all the websites just wanted some personal perspective. Thanks

like

I have enjoyed my time in consulting and feel fortunate to have made good money during my time here. I no longer have a desire for wealth accumulation as I feel like it makes me do things I am not interested in at all - leading to unhappiness. As I look to exit, what are some blue collar jobs out there where you can go to work, come home and truly leave it at work? I don’t need to make a ton of money, as long as I have benefits for my family I will be good.

like

Currently in the final stages of interviews for an Analyst position at Slalom, and i'm scheduled for a final Zoom call with a technology MD. Any advice?

like

#IWD have you ever felt like your gender was holding you down? (IMO: Don't. Go show them what you're worth it.)

like

Less than 3 weeks til due date and feeling kind of depressed. Work has scaled back significantly in preparation for baby so I'm bored and Omicron has forced me to isolate more just to be safe given how close I am to due date. Is this normal? Advice on getting through these next few weeks?

likesmart

Does anyone know if Boston Healthcare Associates sponsors for UK to US shifts (based in UK, applying for a US role)?

like

Working on my resume and have a question about showing impact. How do you show (or know) the impact of strategy work if you roll off the project before its adopted and deployed?

like

Who makes you cringe the most between Pradhyumaan, Arapna and Akshay? Also, Nadia is 😍! (referring to Indian Matchmaking on Netflix)

like

I am a customer consultant and I am now really stressed out due to covid, I want a change in my life trying to learn aws. Preparing for SAA-C02 i need some help with practice exam and also on a decision of which stream to proceed with now Devops or sysops. Any leads much appreciated.

like

Stop setting up forced work zoom happy hours outside of 9-5pm with anyone you didn’t drink with before this! Please for the love of god.

likefunnysmarthelpful

Any 🐠 still up at Westin Jersey City?

like

MBB has a depth, but 3 out of B4 have both depth and breadth in Business STRATEGY

Post Photo
funnylike

Is it bad that I take a one week off to travel solo every year for my birthday? I have friends and SO who wants to celebrate my birthdays.

like

Hey Folks! I spent the last year and used my bonus to pay off all my credit cards and started an emergency fund. I’m currently about half way to having 6 months of net pay saved. Right now I have the fund evenly split between a “high-yield” (.5%) MM account and a TD brokerage account invested in a in a index fund. My question is would it make more sense to put that brokerage money into a Roth IRA since I could take that principal out in a emergency. Also already maxing out my 401k. Thanks!

like

Most interesting post-MBA exit that you’ve seen? Something besides the usual MBB, PE/VC, FAANG, etc.

like

Hello All, I am actively looking forward to switch. I Hve 13 YOE and running with expertise on Operations, customer service and Excellence in BPO, Healthcare and Ed-Tech. At present I work in the Capacity of Team Manager as I am taking care of Multi LOBs however on papers I am designated as Manager Operations. Recommendations are welcomed. Thanks

like

Is 175K Base and 10% sign on bonus a good offer for L7 Manager at Accenture?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal