reasons for layoff other than performance issues? Just heard a colleague got laid off but had impeccable client reviews and year end reviews and was up for promo this year.

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There’s a difference between being laid off and being fired.

The first is driven by business or strategic decisions, eg we are exiting this service or we are significantly under plan and don’t anticipate it to pick up.

The second is that specific individual being fired due to performance and non-compliance with policies or HR issues.

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Ageism is also a factor as we all know. Replacing high comp with few low comp employees (early talent etc.). Was the colleague given any reason?

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Layoffs are almost never about performance
Most HR organizations try to be as vague as possible as any provided reason can be debated and could be the subject of a lawsuit

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Also many consulting companies(like other companies) are downsizing in anticipation of a recession / downturn which in itself may cause a downturn

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