S& layoffs: Heard that 60% of new hires (1 year post undergrad) were let go in Dallas and Houston.

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Yikes. PwC should be banned from campus recruiting if they pull this shit 2 years in a row. Disgusting.

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OP - I left for a job in industry.

I think the firm is in a death spiral so it's probably best to get out asap. We can't stop campus hiring because then we lose our brand visibility on campus, but it also doesn't help our rep to have new hires on the beach for 6 months and then lay them off. Unless we sell significantly more (unlikely given the poor leadership within PwC and S&, as well as inability to compete against mbb) what's left of S& is going to get rolled into PwC advisory or laid off.

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Not fake news, unfortunately 😧

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I dunno that sounds about right to me...

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Can confirm. We lost a first year in Dallas

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Fake news

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Have you heard similar news coming out of Chicago, but to lesser extent. Low utilization on certain groups of recent hires in Chi. One of many downsides of locking new hires into industry verticals and horizontals.

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Man pwc sucks

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Yes, they got the news this morning

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I have first hand names of who were let go... and this excludes Deals strategy

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Didn't this happen but in another area last year? I think they should hire those newbies back to come up with a better hiring strategy bc they obviously are no good. Colleges will start to tell their folks to focus on other companies now.

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Although speaking as a Chicago guy I haven't heard or seen any of that. Did it hit the wire there this morning?

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S& needed to be trimmed and still needs to. The firm cannot afford paying these people just to sit on the bench for months. There should be a hiring freeze with S& to allow for a greater focus on building the client book rather than hiring bright ppl only to have them sit there watching Netflix all day. Unfortunate relatively new hires were targeted but this should be a huge surprise for folks not being utilized.

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Yeah that's almost definitely fake news

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@S2, I just have a few friends leaving now as they think they will be fired and would rather be ahead of the curve

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Houston and Dallas undergrad hiring for strategy&...what is that, 5 people? 3 were let go?

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Yeah I think roughly 3/4 out of 6 new hires. I don't think Deals Strategy had any layoffs though.

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lol if you are talking about 2016 undergrad hires it was ~20 between the two offices.

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Gah this place is the worst

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Yup, lucky that I got out of this trainwreck ✌️

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