To all management consultants (MBB, Big4, boutiques), how do you see the outlook for the consulting sector in the near term (~1 year)? Layoffs IB style? Or consistent business activity?

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PA is so understaffed, I personally don't see any layoffs, but I do believe hiring freezes are coming if not already here.

Join a fed consulting practice at any of the above and you won’t be laid off.

Probably some (small) layoffs if we really dip, but definitely reduced hiring moving forward.

Everything seems okay so far. If there is a large economic downturn, I don't think it will be just us affected

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