Thoughts on the economy in the coming months.. are layoffs on the horizon ?

likefunnysmarthelpful
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likefunnyhelpful

This is a definitely a time where one would be glad to be a top performer and continue to maintain that. Have some friends who’ve gotten bad reviews and are now stressing about being PIP’d. Tough for sure.

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Agree M5.

Also would add #3, your vertical/industry/practice outlook.

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Recent IconRecent

You must not have been paying attention all year 👀

likefunny

We (the consulting industry) are 100% going to cut staff. It’s gotten to the point where Partners who are not selling will also be asked to go.

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Silent layoffs at PwC

likefunny

They can smell your flop sweat. Just leave now before you’re found out.

funny

I’m kidding. But seriously, panic will not help your job performance.

Unless and until inflation is completely tamed for 2-3 quarters enabling FED to start lowering interest rates, this most constipated recession will continue and layoffs will be incidental...we are stuck in a bad stagflation cycle

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And d2 you have spoken like a true dense head. Is "socialist" the only maga buzzword you know?
I dont get how people will support a system that hurts everyone in the name of (unchecked) capitalism? Partisanship will be the death of us all unfortunately

Recession is unavoidable, considering Israel’s GDP will fall 5% due to war, and how much the US spends on deploying military assets in the Middle East and the rise of oil price. It’s not a matter of if when the recession will hit but how hard it will. The soft landing seems more and more unrealistic and companies results and stocks will come down bringing new waves of layoffs to stop losses. Except for a few exceptions like industries that will be actively engaged in defense, cybersecurity, etc…

likefunny

We’re at super low unemployment and stellar real gdp growth

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Yes. If you are not staffed currently, use that time to clean up the resume.

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Yep it’s been rolling for awhile. Expect the pace to increase before the holidays

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Of course

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Layoffs are inevitable

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Sorry to hear. It’s happening everywhere, no longer bottom performers

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Yes

Layoffs likely already happened, but hiring will slow and people sitting on the bench will be pushed out

Just received an email from HR tonight :(

Wow, if you’re billable then what’s the rationale?

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Someone should get fired for this

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