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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I've been waiting for this to come up on here. @PwC5 I used to believe the same thing. I know of a few people let go this week. From what I know, there was little to know warning

I'm new enough to the firm where I haven't gone through a CRT yet -what do the numbers mean- 3,4 etc

I'm new as well but my understanding is that there is no longer a number system

No there is - 3 is average, 4 is below level, etc

I've never gotten anything below an "at level" in my snapshots. Am I ok on that front?

@pwc8 they did away with number ratings " officially" but since you still get a bonus ranking HR still talks about people in those terms

Chicago 1- wtf did they say to you when they did it?

And was it easy for you to move somewhere else? Were you in S&

Are they giving any of these people severance?

Wait same question ^

Did you apply directly or network with the partner? Did you already know them? It's rare to hear these stories

EY4, Central Risk

EY1 terrifying ... Do you know what level? Was it just pulled off projects or legit let go

EY4, Staff 2s and Seniors, legit let go. It's definitely terrifying.

EY 1 does it happen before?

EY3, what do you mean by 'before'?

You mean at a new hire level? Haven't heard of it, I wouldn't think so though

I was told that if you aren't on a project yet, to be very worried about your job... Scary situation, and I started about 4 months ago. Wish I would have known this when I was picking where to go.

@pwc9 are you in FS?

People mentioned they knew about upcoming round-pls give us details. - original poster?

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Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



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