{ "media_type": "text", "post_content": "So, how are different firms responding to this crisis? Layoffs? Mandatory leaves of absence, salary cuts, promotion delays? Anything else? Particularly interested in Europe.", "post_id": "5e8f66591c7b24001b335bf2", "reply_count": 4, "vote_count": 5, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

So, how are different firms responding to this crisis? Layoffs? Mandatory leaves of absence, salary cuts, promotion delays? Anything else? Particularly interested in Europe.

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We’ve paused all hiring, cut non-essential benefits (I.e. health allowance, tuition reimbursement) and all merit based raises were cancelled. Promotions still got raise and all bonuses paid out.

Gartner

Apparently here in Germany, firms are considering Kurzarbeit. There was also a good FT article this week on the UK Big Four’s plans.

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