Smart to look for a new job with a “recession” looming? Wanted to leave by end of the year, but nervous I’d be the first laid off at a new spot

likesmartfunny
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This is my last week in Consulting. I got a job in industry that's in my wheelhouse. First, if anything industry is more stable in recessions than consulting (especially if you are on the cost cutting side of the game). Second, you can make sure the company that you'd join is not sensitive to recessions. Third, you should be able to make a quick impact and prove yourself if you are intentional.

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Good question. I'm not sure the data exists. I don't think the Bureau of Labor Stats even considers consulting a separate industry.

There’s no proof of that OP

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Get a clearance.

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If you land at a place that goes LIFO during workforce reductions you’re an idiot

helpful

look at friday’s economic data. make your own decisions.

if you believe there will be a slow down and there is a lay-off. better to be with those who know you, than the new guy who no one knows and hasn’t proven themselves.

It won't matter if they know you and you aren't chargeable. If you were in the game cerca 2008/2009, you'll know what I mean. Lots of smart people were laid off in the consulting industry.

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P1: I always thought that it’s the other way around. In consulting if a project doesn’t work for you then the firm usually finds you another project. It usually takes more than one project to get laid off in consulting. In industry you hear many stories where people have been let go because the project got scrapped. Am I incorrect with my understanding or is it that the scenario you laid out (industry is more stable) holds good only during recession/slow down? Curious to know more about your perspective. TIA!

It depends really. Back in 08/09 there were plenty of consulting lay offs. It recovered in 2010. I think that in a partnership like Deloitte, you are more insulated from layoffs than say Accenture/IBM/Cap Gemini that are all beholden to shareholders. They'll lay someone off if they can't get a project after some time. Chargeability is the only metric that counts for them. I recall North Highland was famous for not laying anyone off -- all agreed to a pay cut. That being said, I wouldn't expect the next correction/recession to be as extreme.

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Hi Sharks

How's the work culture at
Teradata Hyderabad.

Do they work overtime and on weekends.

Also how's the job security at Teradata, do they layoff people like how Glassdoor reviews potrait

Teradata

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Just a joke, take it as a joke-
.
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If you are some HR/Senior management personnel and hiring them.
You should reconsider your decision as they will make your organisation BETTER. :-)

likefunny

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