PwC FS - do you guys know how they're determining layoffs? People who are in projects are getting the boot which is scary. Apparently there will be more rounds and this week was just the beginning.

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If you know of a just a couple of examples, then it is likely those are the only examples that exist. These people likely had a long record of not getting staffed or meeting sales targets and previous warnings from management. Nobody gets let go from PwC without warnings and time to improve.

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People on my team were let go yesterday and today, it's happening in other offices too. Reasons were performance history and low utilization. Those with decent utilization were let go because of performance reasons. Experienced staff and senior levels. Has happened at other offices in region too. This is really happening at EY. PwC, I didn't know until I saw this post.

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Util*

EY1 what?!

A lot of people are leaving right now in general because recruiting season is in full force. Have you heard the concrete reason these people are leaving or what? I'm not receiving these emails, yes.

PwC fires people. Are you disputing the idea that these people had prior warnings from management or saying they got an email one day out of the blue that told them that they're out?

Here is my personal opinion: someone rated as a 3 with low utilization will never be let go without prior warning. Someone who has gotten a 4 on the other hand - a 4 serves as a warning. Without improvement, those are the ones being let go.

Only FS? What about first year hire, they cannot have much utility rate since all of the training, etc. it's not the them can decide the utility rate

Original poster- how do you know about more rounds to come?

It's not utilization - a lot of those laid off were staffed when they found out they were being laid off. I even know someone who started with me in August who has been staffed since training (a rarity) and is now gone

Also my buddy's coach got laid off and told him everything (like more rounds). Projected utilization for BCM in April is legit 30%

I need to know more- when is the next round? And selfishly- how the F am I supposed to staff the work I'm selling with no bench!!!

I've heard about this too, in all practices including advisory

What? What about new hire?

EY3, not new hires from what I've heard from friends in different offices.

@PwC 7 please staff me

Have you heard about Pwc tech erp Advisory side getting layoffs?

Wait EY1 which offices and which practice? What is happening 😰

Recession

& now we wait.

Is it really that bad out there for industry?

Is this only FS or even for Tech consulting

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Constantly worried I’m going to get fired because I don’t know where I stand at my mid sized law firm (second year associate).

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I heard from my head that there is a lot of slowdown in VW Germany... There is Hiring freeze, level freeze and all ... And soon that will spillover to india. So be prepared for very less hikes in coming cycle :( Also automotive sector in general is struggling with tesla laying off 10% workforce recently. Maybe time to make a move? What do you say fishes?

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Anyone know Deloitte core business group in Deloitte consulting LLP?

Salary range, business outlook of this group amid layoffs and green card initiation timeline?

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Most staff/sr assoc would make 80% of salary for the next 4 months if fired & yet firms are considering pay cuts.

Like at this point just fire me idk what kool aid some of you are drinking

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Hearing of layoffs with some Chicago agencies. MSL...Porter...Ketchum...others? Sign of bad economy coming? Hate to sound skittish, but I lived through 2008

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Is PwC AC doing lay offs?
Especially from Tech Consulting (Insurance/Guidewire) practice??

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O&M Creative: more shuffling still to come? And by shuffling, I mean layoffs too.

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I asked for a raise and instead got laid off. Told that after looking into finances not only can they not afford a raise they cannot afford me. But I know for a fact they are replacing me with an Agency that say they can run our Social Media for 500pcm. Is this normal practice these days?

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Hi fishes,
Looking for a job change in sales industry, currently working with byjus and having to much toxic environment these days due to layoffs . Kindly recommend .

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When you say your salary jumped __x, how is that exactly calculated?

Mine was $16k (minimum wage before joining corporate) > $40k (contractor total before getting laid off) > $150k (current FT)?

Is that a 260% jump or 2.6x from $16k to $40k?
And a 375% jump or 3.75x from $40k to $150k?

Or do I calculate it by hourly rate?

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I have not been on a project for over 3 months. Since I joined, I have been put in training. The training got extended by a month and now it's close to 4 months since I joined and without a project.

What should I do? People say that I'm lucky to get paid without doing any work, but it is stressing me out. I need the experience. The uncertainty is freaking me out, with rumours of layoffs and the certification program and all.

How do I get into a project? How long do I have to wait more?

I was laid off last to last week, can anyone of your please refer me to your company, I'm 1.5 year exp in Java Spring Boot Angular Postgres Camunda BPMN..

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Tax Senior here. I’m well liked around the office, I put in the hours and work hard, I haven’t had any dumpster fire projects, but I am a mediocre performer compared to my peers (not as strong project management, communication, not as confident). I just got told they’re firing me. Should I expect severance? Have other people been fired for similar? What did you do with your career?

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Somebody say layoffs?

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My work product is becoming worse and partners are noticing/commenting. I just hate the practice area so much that every time I am asked to do something I just get it done as quickly as possible and can’t be bothered to put in effort. I think I need to quit so I’m not fired for bad performance with a horrible reputation. Am I nuts and should I just wait til they let me go?

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Laid off with 1 YOE. Do I include college Awards / Extracurriculars (have just one line to list each right now) ? How about SAT scores?

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