Starting with PwC advisory next month as a SM. Have they done recession-based layoffs before? Hoping I’ll be ok?

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No

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We didn’t do them for covid. No expectation of doing them now. We are still understaffed in many areas

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Not really. We have trimmed additional people as part of regular review cycles without calling it layoffs. But typically PwC doesn’t lay people off if they can help it

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I just joined advisory from EY and the culture seems more cutthroat here performance wise but it does seem like the firm doesn’t carry dead weight just to be nice like EY did so layoffs aren’t as necessary

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I have seen a couple of years where they get more aggressive in weeding out low performers (maybe bottom 10% or so) but in the 12 years I have been with the firm we have never done indiscriminate layoffs (always performance based). The firm does get a little socialist when times are tough freezing all salaries and reducing bonuses across the board but that has only happened a couple times.

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Ey1 - you’d think so right? But people complained about that too.

Related Posts

Curious is anybody seeing layoffs in consulting? How busy are your cyber practices?

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Tax Senior here. I’m well liked around the office, I put in the hours and work hard, I haven’t had any dumpster fire projects, but I am a mediocre performer compared to my peers (not as strong project management, communication, not as confident). I just got told they’re firing me. Should I expect severance? Have other people been fired for similar? What did you do with your career?

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I heard UKG has fired many employees this year?
Is it good for job security?

One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

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Horrible anxiety about considering a new job....
I was one of the big firm stealth layoffs in covid and joined a boutique firm in Sept. They came sort of close to matching my salary but I moved to SoCal and have an opportunity to jump back in to big law and get $100k raise. The people at the small firm are so nice, but hours are nuts and if I’m going to work this much, I might as well get paid more, right? Is it too soon? How do you tell them when the managing partner took you under his wing?

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How has P&T been affected by recessions in the past ? Are internal app teams more safe ? Also how is the severance package calculated.

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Curious questions! What are the things offered by companies after laying off their employees? Do they pay 3 months severance? Or not?

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Is Paytm payment bank a safe option to join? Heard about the layoffs, poor wlb and culture. Genuine reviews please?
Paytm

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Counselor never talked to me about my year end review and it was never released to me, I still haven't had my comp discussion. Didn't get the comp email or any PPB in my paycheck, am I getting fired??

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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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Hey guys! Yesterday the company i worked for laid off the people in our state for economic reasons with no notice. I’m in desperate need of referral in entry level SWE/SD(or similar) positions at the moment. Any help would be greatly appreciated. Thank you!

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I was laid off last to last week, can anyone of your please refer me to your company, I'm 1.5 year exp in Java Spring Boot Angular Postgres Camunda BPMN..

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Vicious layoffs at HCB health.

Worked as an admin assist for 5 years... was fired for ASKING FOR A RAISE. Was making $22/hr. Located in NYC. Past 2 months i have going on interview after interview only to be ghosted. I've applied for some executive admin spots as well. Any advice on getting an exec assist job?

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Did Epsilon just go through a round of layoffs ?

Layoff going on in Attra ?

What are everyone's thoughts on resume services/coaching? I am a leader/exec that was laid off (first time) and have spent over 15 years in various roles such SVP Operations, Senior Director Product, VP Solutions, etc. at different companies.

I am struggling with putting my experience/qualifications on paper...

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Are PMs getting laid off now?

More Posts

EYP and Strategy& fishes, what sort of work do you do in the Life Sciences space (specifically Big Pharma)? And what sort of exits into industry have you seen your former colleagues make?

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Hey all, 4 YoE strategy consultant looking for some exit options. Looking to jump ship from consulting into something in the life sciences field, but not particularly interested in working for big pharma. Does anyone have any suggestions?

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Is it financially irresponsible to buy a home that requires you to divert what you’re currently saving / investing monthly to pay the mortgage?

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Recent puppy owner of about a month. Seems i’m mentally scarred from her crying at night, so much so that my mind makes up sounds of her crying, which causes my sleep to be interrupted.


In reality, she doesnt cry at all at night now, and her crate is in the hallway…

How do i fix this?!

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Hello Everyone!

Can anyone help me calculating the in hand salary after pf and tax deduction?
Thanks in advance!

Post Photo

WHAT WOULD YOU DO?

Job A - no career path upwards, high functioning team, generous benefits and unlimited time off. TC 185

Job B - clear career path, new team, chaotic corporation, but lots of room for growth and budget to hire staff. Ok benefits. TC 220

Anyone work for Alvarez & Marsal? Thoughts on culture and work within PEPI group? Considering leaving D

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Analyst 2 here with current CTC around 4L. I guess it's too less compared to market standards .

And I will be progressed to analyst 3 this year

How much hike I can expect.?
Cam I expect EY to do some market correcttion?

YOE 2

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Hi Fishes,

Need your suggestion. I have given an interview in EXL for Senior Business Analyst role and been shortlisted. Could you all please suggest how much should I expect and ask.

YOE :- 4 Years and 9 Months
Skills :- SQL, Power BI, Tableau
CCTC :- 5.25 lakh

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EY risk management advisory senior 3 base salary?

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What should be my ask to UST global for a senior cybersecurity role. I am having 10.4 yr experience. My current is 41LPA UST Global

Hi fishes, how many days will it take for wipro to release fnf settlement from last working day??

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any guessed on when dropbox appointments might open up in India :(

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Hi everyone. I applied for a couple of roles at a tech company, I have a panel interview coming up but since that’s been arranged another HR coordinator has reached out to do a screening interview for the 2nd role I applied for.

How do I approach this, the screening call is a couple of days before my panel interview?

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How does delta upgrades and waitlist work? Do all medallions check in 24 hours prior to boarding? What determines who gets what?

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Any other challenges out there for Southwest beyond United? I'm A list preferred on Southwest and possibly looking to make the switch.

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Does anybody have a referral link for Amex Platinum? - has to be UK based

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Hi All,
I'm around 8 yr experienced in RPA(Technical). What designation they will give me and what salary should I expect? Is there fixed + variable pay system too? If yes, what's the split?
Total exp - 7.9 yrs
CCTC - 18 LPA

how does anyone actually bill 8.5 hours a day?? Even on my most productive days I can only hit 6, 6.5.

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Anyone looking for a workout partner in Houston?

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Additional Posts in Consulting

Any Accenturites gone through internal careers marketplace and landed a position in totally different area than where they started from? Does the process entail numerous interviews like a new hire?

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BCG friends - what exactly does the PTO (Predictability, Teaming, and Openness) role do? What does the role entail / how do they work with consulting project teams?

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Still employed at Twitter. AMA

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What do you think is the best to do in your Twenty to build a great carreer for the future?
(ERP consultant)

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Thoughts on Ankura’s restructuring practice?

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My younger brother has the opportunity to do Software Engineering at FAANG and consulting at MBB as a fresh grad. I told him to do SWE, but I’m afraid I’m giving him biased advise cause I’m jaded in this industry. If you were me, what would you advise him?

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What is reputation of Slalom Consulting in technology engagements? Considering a jump but not sure how they rank relative to B4 or Accenture - any insights are appreciated

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What are some of the best consulting firms for a software engineer? Is MBB still considered elite in this area too?

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Would you take a 15% pay cut to work for MBB vs. getting a 20% raise from FAANG?

I am now working in middle management for a retail product company.

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Is it ok to reach out to the people who interviewed you on comp negotiations after receiving a verbal from HR?

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Hi all,
I was made aware that I could work for consulting companies under a personal LLC and increase the pay received. My understanding is this is because I would have to pay my own insurance, benefits etc. Can anyone provide any additional details or literature on this?

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Is severance taxed higher? I got 1 month of pay but seemed to be taxed much higher

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How many years do you allow yourself to get passed up for promotion?

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Best consulting firms to target for Supply Chain & Operations Strategy apart from MBB after graduating from MIT SCM

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Which job would you rather have?

Everyone is a total moron, you are the smartest guy in the room, constantly needing to be patient with idiots who do everything the wrong way and they aren't likely to learn or change. You can totally coast and delegate most of your work away and be cushy.

Or,

You barely know what you are doing, everyone is smarter than you, clever and competitive, and you have a constant case of imposter syndrome, except it's not just your imagination, you are unprepared.

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How come BAs do not get bonuses? I.e are not eligible for AIP?

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What’s the Goldman Sachs Tech help desk phone number?

funny

Shall I disclose reason for leaving a firm during my initial call with a recruiter from said firm, if I was laid off? Are they privy to that information. Ironically being recruited by that same firm

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Any recommendations for a work desk?
Not looking for something too big or pricey. Easy assembly / disassembly is a plus.
I see foldable desks going for $100. Any foldable standing desks out there?

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