PwC announced they will still have raises and bonuses. Raises only for promotees, bonuses are smaller. No layoffs

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Wow, huge congrats to PwC for this announcement. This is the firm going above and beyond the expectations of employees during this difficult time.

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Congrats on the successful call. Friendly advice though, brush up your resumes just in case. D’s first announcement was reduced raises/bonuses but no layoffs. Look at us now

likesmart

No “layoffs” doesn’t mean disguised layoffs won’t occur

likesmart

...hence the code of conduct reference.

Stop patting yourselves on the back. KPMG said months ago layoffs as a last resort and still paid previously announced bonuses in May of this year. The only thing pending are raises which hasn’t been announced yet, as we are a September fiscal year end.

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Also EY hasn’t even announced no raises! I couldn’t tell for sure but there’s a chance those not laid off at D will also get raises. Can anyone confirm or deny

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Damn. Like they came straight out and said "no layoffs"?

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D said similar thing before.

likehelpful

I would be okay if EY did this. As long as promotion to new levels get bumped up to some new floor. The only problem is this just kicking the can down the road and you have to make large adjustments for the market in 2021 or 2022.

likefunny

I thought that had bands, but it is beyond my pay grade to know for sure.

And just to clarify, we don’t know the % raise or bonus yet. I am a little worried that the raise for new promotees will be very small

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Lolz at least y’all get a bonus..................

Pwc is always a leader in culture, look they are catching deoitte in revenue next year

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