Protiviti - y'all doing ok? I left 6 months ago but I hear today is a tough day. Happy to give you thoughts on a post consulting life (if you're thinking in that direction) and you want to DM.

likeupliftinghelpful
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I’m not at Protiviti but saw the letter and was rather impressed. They announced the layoff, said when people would be informed (in the next two hours), how they’d be informed (exact subject line of email), and what would be offered (severance based on tenure etc). Compare that to Deloitte, where people were getting vague emails over the course of 6+ weeks, with varying subject lines requesting meetings 1-3 days out, and were never quite sure when layoffs were over and they were safe. Protiviti also specified the various reasons for the layoffs (lack of attrition, failure to meet growth goals, macroeconomy) whereas Deloitte called them all “performance-related” (they weren’t), failed to take ownership of their inability to sell work and spread the layouts out to avoid Dept of Labor reporting requirements.

likesmart

That’s implied in “failure to meet growth goals.”Obv it’d be better if no one - especially those who have no impact on meeting growth goals - was laid off. But when they are, don’t tell them its performance-related when they’re staring at stellar snapshots and 98%+ utilization.

Like I said, I don’t work there, so I don’t know who was impacted in this round - levels, service lines, offices. If there is another layoff in a few months, if incoming grads have their start dates pushed back… that’s a different story.

like

It’s fine. It’s akin to someone pulling the fire alarm for a small wastebin fire. More focused around people complaining they weren’t given every single detail, the reason why layoffs, and want to know who exactly was laid off and why.

The people not laid off are honestly being more annoying than the layoffs themselves.

likefunny

I agree but also feel like the message was a bit alarming. Going from a sense of security to 2 hours of paranoia has our folks being a bit dramatic, for sure.

like

Messaged you.

Just DM’d you!

What is happening at protivi? What # or percent layoffs?

5% is an exaggeration. Closer to 2.5%

like

MD at Pro informed that bench is almost 30% across and this week was Round 1 with two more rounds to go in July and Aug...best of luck folks

More to come as interest rates are hike up and up and your clients wallet get thinner and thinner

Well everyone - start saving, get 3 months of expenses stacked just in case, best of luck, cheers

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