Should we be expecting a massive hiring freeze and layoffs in the coming months? (both in consulting and industry)

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Yes — freezes or large slowing in next 3-6 months for both consulting and industry. Already see lots of warning signs here indicating it’s coming.

Layoffs hopefully won’t come to that for most companies, the weakest ones will do them out of necessity.

The bright side is LA pays 200k+ for lifeguards and they are short staffed , so if you get laid off can always do this if you have a beach body.

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Yes freeze. Probably not big layoffs but some. All this started about 3 weeks ago and folks are just realizing that the party is over unless you have a very in-demand niche. Just make sure your settled in and making yourself indispensable!

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Yep. Significant supply chain infra problems, worsening economy, spillover from tech freezes, and just generally an uncertain macro environment.
Hopefully it won’t be as bad as 08

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Even for consulting? But seems like McKinsey is hiring like nothing happened

“Standing here tonight, I'm afraid that I don't hear - a - thing. Just... silence.” (Guess a movie)

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Downturn won’t be that bad, but damn that was a great scene.

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No one knows, but, fwiw, F500 CEOs are predicting a mild-moderate recession that doesn't impact the labor force.

I work in big tech, I'm seeing competitors and my own firm freezing hiring. I'd imagine consulting firms will start pausing as well until they know pipelines are secure. Unless you're doing public sector consulting, I'd be prepared

Winter is coming and freeze is upon us.

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