Reread on Reddit that BCG is laying off 20% of North American consultants…is this true?

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Gotta be true if it’s on Reddit

likefunnysmart

That’s wrong. I read on CNN that BCG is laying off 70% of their consultants

likeupliftingsmart

It's true, and 25% from their UK workforce. They are shifting to a global service model. Basically utilising offshore resources to get work done at cheaper rates

likehelpful

solid insider input

funny

Normal transition %’s are around 20%, looks like we’re targeting 20-25%

These numbers are normally balanced between voluntary/involuntary, but with the market being as it is involuntary transition is the main lever leadership has decided for maintaining pyramid ratios

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Same thing happened at my firm. Less attrition so we had to freeze hiring and rescind offers.

What ??? 20%

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No its fine, even if you are not you can always join Accenture since its T2

likefunny

DMABB.

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No

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Offshoring is back

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It’s true. Reviews are going to be brutal.

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I'm going to guess untrue as implied. A 20% layoff next week outright seems unlikely. A gradual shift over time such that consultants in expensive markets account for a 20% smaller portion of the firm globally sounds more reasonable.

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First, no, i didnt do that. Second, I don't see where you posted anything like this?

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I heard something similar from someone in human capital. Would be brutal for people finding new jobs.

lmao at EY telling us how it is. 20% transition is a bit higher than normal transition cycle, nothing unexpected tbh.

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@PWC is worst company for freshers. They are force innocents to resign by themselves and threating then to not to mail anyone and not share this context to anyone worst company, if layoff means ok removing and threatening to not to disclose to anyone means the have lost every single moral. Don't fall trap in the brand name @PWC.

likefunny

Heard BCG laid off quite a few people this summer. Is this true?

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We’re in such a vicious business. You give your heart & soul to an agency, a client, a brand. Then the wind changes & you’re laid off, reassigned, chewed up, spit out, on to the next. I’m tired.

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How is the layoff at Eli Lilly?
Are they kicking out people because of free insulin tweet?

@lilly @Eli Lilly

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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layoff news about Amazon is true or just a rumour ?Amazon

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Does Globant terminates the employment of certain trainees after their probation(3 Months) based on their performance in the training period? Some of the fresher trainees were laid off this morning without giving a notice or reason.

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How much severance package Credit Suisse is giving on layoffs?

Are they laying off new joiners too? Where is more impact EON 1 or EON 2 in Pune office?

Credit Suisse

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Which agencies are going through layoffs

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Please let me know if you have any opening for workforce management /resource management opening


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likeuplifting

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