Quick survey: How many people were fired from Big 4 during the pandemic? Big 4 always boast that they don’t fire people but I’ve been shocked to hear this year that numerous firms did during the pandemic.
Now all of these firms are scrambling as they look for talent and people are refusing to come back.

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

Firing someone in this climate? It must have been bad. Wonder if B4 has software tracking click rates.

likefunny

They just don’t call it firing.

likesmart

People were "managed out", not "fired".
Walmart "fires".
Big 4 "restructure" and "manage out".

likefunny

I’m confused why you think Big 4 boast they don’t fire people. 3 of the big 4 (in the US, all 4 if you look globally) announced layoffs in 2020.

like

KPMG went through major "clean-up" at Advisory in October 2020.

Speaking candidly, the severance package coupled with the PTO payout (without a write-off) translated into “year-end bonus” north of 30%.

An amicable separation from my perspective - grateful for my time with the firm and wish the folks still there all the best. 🍻

A) Big 4 don’t boast about not laying people off. Big 4 promotes a development culture, rather than up-or-out, at most staff levels.

B) From client service, I didn’t see any layoffs at PwC. There may have been some in internal firm services, but I don’t know for sure. I chose this firm for how it reacted during 2008 (pay freeze, not layoffs) and it reacted similarly during 2020

C) Our clients have a ridiculous amount of money they’re trying to deploy given the economic climate (cheap capital from debt and equities), so the consulting and white-collar labor market is HOT, leading to consulting demand on the firm and on finding consultants. So it’s not universal that people got laid off and don’t want to come back; it’s that there are a ton of opportunities to get paid well without the consulting work

Related Posts

Hi Everyone - I was hoping someone could throw some light on the kind of work trust and safety does. I see a lot of open roles - managers, senior strategists etc. I have a top 20 MBA and about 8 years of big 4 experience in consulting - would this be the right kind of role to get into? Or is it more engineering?

likehelpful

Decided that I’m leaving audit today. Trying to understand the full range of opportunities in forensics. Will have my CPA and CFE. So far, I understand that there are client-serving firms like FTI and then the B4 will have forensics arms as well. What are some other forensic accounting roles? Pros and cons? Better than audit? Honestly just looking to learn anything.

like

Laid off, any tips on how to gain experience/sharpen resume while job searching? I was in a project management support analyst role/ Venture capital sales role. I’m thinking of getting certifications to increase marketability

likefunny

So someone I know asked HR about a boot policy. When he found out that there wasn’t one, but his boss said there was (who gave the guys $ for boots and the claimed it on his expense reimbursements as something else) the boss got mad at him for askingHR (and in trouble for the expense reimbursements) and then 2 days later laid off my friend. There appears to be no notice of bad performance and this person always was the first person on the job site ready to work. Thoughts?

like

Assuming this causes a recession like in 2008, and many people get laid off, how long to take to find another similar paying job? I’m currently a strat manager in FS. Scared for job.

likefunny

Will most of us (big 4 employees) be in at least the 200k+ salary range once we hit our late 40s and early 50s? I know that MOST of us won't stay with our firms, but does that mean we stagnate?

like

Is it easier going from Senior Accountant to FP&A or straight from Big 4 Audit. Just trying to figure out what route to take. Also what is a good salary for a Senior Accoutant? MCOL, CPA, B4 Audit - 2 yrs

like

Is it worth making the time/money investment to make the switch from big 4 FDD to MBB. This would require getting into and paying for a top MBA program and my net worth would be way negative after that. Are the MBB financial returns worth it? Im 26 years old for reference

like

Hey everyone, I was recently laid off from Meta. I am a senior technical recruiter, who also served 20 years in the military. I am looking for new positions working in San Diego or remotely. Any help would be much appreciated. Thank you so much.

like

Anyone hiring those who have been out of work for a year? I took time off to tend to personal matters, but I am now looking to get back into the workforce again. My previous experience includes time at B4 audit up to senior level and then transitioned to manager in industry. Senior/manager roles are preferred.

I don’t mind audit. However, I’d prefer it not to be at a B4, as I am looking for some semblance of a work life balance.

DM me if you have something above, thanks.

likehelpful

any telltale signs of layoffs in tiger?

like

Anyone knows what's the payscale for Big 4 auditors for SA and below? And how is the work at audit like lately? Heard the turnover rate is beyond extreme after the pandemic and there's no longer a non-peak?

like

Leaving Big 4 after one year, is it a mistake? There is a local firm that focuses on SOX Optimization and Model Validation reports, and it seems like that work would be much more fulfilling than audit

like

With so much uncertainty in the economy and waves of layoffs that have hit tech especially hard... do we think there's really such a thing as a recession-proof job anymore if you're not an "essential worker"?

like

Any job cuts, furloughs, or paycuts at Cincinnati firms ?

like

My boyfriend has been laid off due to Covid-19 and needs to break his lease (goes until May 2021). Any guidance from this group? He really cannot afford to pay rent as he has no family support

like

Hello everyone,
I am a young graduate fresher looking for a entry level job in big 4 I have no work experience.
There is a recruitment going on in KPMG for fresher. Need referral! Can someone please refer me for these various roles
Requisition ID:
190000CU - Analyst Finance & Accounting

like

Anyone recently hired at Big 4 - are there still signing bonuses and referral bonuses? If so, what firm and how much?

like

Thoughts on big 4 boomerangs?

like

How difficult is it to move between Big 4 M&A Deals Practices (i.e. PwC->EY, KPMG->Deloitte etc.) and when is the best time—financially and otherwise—to make a move post MBA?

like

More Posts

Is an IPO in anyone’s FIRE strategy? Maybe this is specific to the Bay Area, but it doesn’t seem that unrealistic to negotiate enough equity to make $1.5 mill off an IPO. Or maybe I’m dreaming 😂

like

Hello All,

I am currently working in India in analytics space and have an offer from a consulting company where I will be posted at client location YOE is 12+ and they are offering me 19k AED per month

I am making 37 LPA in India

Is it worth the switch?

like

Hi Fishes, I am working as an IC in QA role with more than 15 years of experience, not getting good hikes and currently having 27.20 lakh INR, which I think its too low as per my experience range. Can some one suggest in QA role, if still chances are high to get good salary hike? Whats the best I can do and if anyone is aware of any suitable openings?

like

Audit manager here. Planning to talk to partner in charge about becoming a partner eventually. Any tips about what to ask?

like

How long should I be on H1b b4 my potential new employer can initiate my transfer?(on opt now).H1 activates on Oct 1st right?Shd I work with current emp for x days before new emp can request transfer?

like

Finally getting a chance to put together a home office space. Looking for tips, photos, ideas. I have two monitors and a laptop so my do a three screen set-up. Debating about getting a standing desk or putting money in a super comfy leather chair. Open to hearing what you have done!

like

Just did my baseline testing and got results. My appointment to discuss the results with my RE is in mid January. Any guides / ways I can start to interpret them on my own before then?

like

I read on another thread that someone got rejected by HBS without interview and was then accepted to GSB in the same round. Does anyone else have some success stories like this to share with us HBS rejects?

like

How do you decide between two job offers? I have a gut feeling that one is better than the other. But I don’t want to move from one not great working place to another. Same salary. Both startups but one is closer to ipo than the other. But have a better feeling about the one that’s not close to ipo. What should I do?

like

Can someone please tell me about the position Senior Specialist, Business Compliance? In terms of wlb, comp, growth? What all should I keep in mind for the interview?

like

I have joined Deloitte India Am I Eligible for the Deloitte Wellbeing Subsidy program How can I check eligibility ?
Please Suggest

like

I just completed my degree from IIT Madras. I got offer from genpact but currently i joined one mechanical Could you please share your experience at Genpact and learning and also growth opportunities?. Any suggestions for me before switching ? Because I have to switch from core to IT Genpact

Hey,

Is it a good idea to join 
Paypal for Software Engineer III from Walmart Software Engineer III, for the base salary of 35LPA and 9L RSUs per year for Chennai location ? I am currently withdrawing 24LPA as base and 4.2 as Variable and 3.5L RSUs vested for 4 years.
I have been told that I'll be part of Risk team under Paypal Transactions domain. Any Idea how is the work culture and tech stack here in this team?

like

Hoping for some Friday Friendliness on this one: have several team match discussions coming up for Product Management roles. How would you advise getting a good feel for the team, assessing the lead, and otherwise proving the team dynamic?

like

Shout out to everyone stuck in holiday traffic. Here’s to not killing our significant others for driving like morons!!

like

Does Maximum Effort actually hire people? Is it anything like an actual agency or is it mainly just an offshoot of the production company

like

Hi All,

I want some help to decide which company to join. I have offer from T-systems and NICE systems both from Pune.

Can you people help me decide which one to join.

like

Does salesforce HR negotiate salary?

like

Any fish that have done MBA after Masters in the USA as an international student? Need to talk

like

What is the minimum salary required to be able to save 3 lakhs per month in Glasgow (wife is not working)?

like

Additional Posts in Consulting

Best and worst industries you've consulted in? Been reading Michael Porter

like

To the moon…Oh I mean back to earth. Sigh 😞

funny

Best consulting firms for PE work (CDD,Value Creation)? Looking for the best firm for exit ops to PE ops eventually. Thanks!

like
like

Poll: What dress code do you follow at your home office?

Any recommendations for restaurants in NYC to catch up with friends?

like

"$20k in savings" seem to be the new FB humble brag

like

Can't stand people shaking their legs under the table. Geezzz.

like

You know it's a slow week when the highlight is when your comment to a fishbowl post gets more upvotes than the initial post

like

M/SM and above, why do you label a meeting as “touch point” or ask if you can have a “quick chat” when it’s something serious? Millennials like us always assume we’re about to get fired - I actually have been laid off in a meeting with that title. But at my new job, my boss asked for a “quick chat” to literally ask me to change the title of a meeting and then chat about christmas. Now that I’m in management, I want to understand it better.

like

Systems upgrade successful 💉

like

To answer everyone - it is acceptable to do whatever is acceptable to you! #LiveLetLive #FreedomOfExpression

like

What are some publications, books, podcasts, online classes etc that can help me prepare for my first year in consulting? Have 5 years of experience in finance and making the jump to consulting.

like

Any book recommendations?

like

Notice there are so many people with debate experience in consulting. Kinda impressed. Any highly recommended books related to debate or communication in general?

like

3 Day PTO starts now...my buddy's bachelor party. Forget you, utilization.

like

I'm on a new project and next week will be my third week. Next Wednesday is also my birthday and I'm wondering if it's kosher to request PTO that day to be with my fiancé and enjoy the day. Thoughts?

like

Oliver Wyman what is your parental leave policy, specifically paternal leave?I ’m going through this benefits handbook that was shared along my offer and I can’t find anything about that.

like

Just got roasted in a feedback session. Any advice around managing perception/brand? It's amazing how a string of words can make you feel like a complete sack of shit :(

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal