{ "media_type": "text", "post_content": "What do the Partners on here think of how these layoffs are being handled? Very curious (P1, where are you???)", "post_id": "576b7cfb7a51bd13008d54e0", "reply_count": 35, "vote_count": 18, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

What do the Partners on here think of how these layoffs are being handled? Very curious (P1, where are you???)

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

P1 reporting for duty! I really don't know much about the layoffs there other than what I have read here (now you know where I don't work ;)). From what I have seen I feel that the whole thing has been pretty poorly managed. Our firms are businesses that need to be profitable, so unfortunately if the market conditions change dramatically layoffs are inevitable. However they need to be done right. first and foremost because you are dealing with people's lives but also because how you do it will affect the morale of people who remain with he firm as evidenced by the countless threads on the topic... What really surprises me is the fact that this is being going on for so long and now everybody feels like they could be next... Hang in there guys!!!

like

Advice for OP: Just go to campus recruit anyway. Go find out what info sessions there are in your area and attend. Find a way to get in even if it's not your school. Basically wear a suit and walk in. You're probably thinking: is this guy serious? Yes I am. I was let go before my campus offer even started. I was hired a year ahead of grad by Capgemini so I finished school and went travelling. Having spent way too much (thought hey I would make it back in no time), I came back to no job and ramen noodles. I worked my network that weekend like I have never before. I looked for info sessions and met with people. If you can show you are able to do what they want you to do, no recruiter will turn you away because you have an extra year of experience over other grads as long as you stay humble and can accept a new grad wage and don't act all superior to new grads. Through this method, I got PwC interviews through my network, Deloitte through campus recruiting, other multinational (non-consulting) through online applications and LinkedIn requests. Keep your head up, you initially got hired for a reason. Look for anything you might do differently if you think there's anything contributory to you being let go, but otherwise this shit is pretty random for people above too. Good luck!

like
Recent IconRecent

Agree with P1 above. I would also add that I'm especially disappointed to the extent they've claimed this is performance-based just so they can say "we're not going through layoffs, we've just been very tough on performance reviews." I think that's a particularly bad message to send. Everyone knows it is a lie, but telling everyone you layoff that it's actually their fault is just kicking them while they're down. And for what? The lie doesn't work, so it doesn't save any face.

like

Plot twist....both accounts are registered to the same partner

like

👕

like

Let's make P1 t-shirts. I'm a fan

like

Guys... The partners don't reveal the firms they work at. You must be new hehe 😁

like

Partner 2 is a thing now too!

like

What if P1 is moritz

like

So much deception 😱

like

Hahaha and P2 is Tim Ryan omfg plot twist

like

They won't respond. Anything they say will be screenshotted and sent to Lauren Weber. No Partner is that dumb.

like

@P2, it's me

like

Idk D, they've been pretty candid before because they refuse to tell us which firms they're at

like

P1 thanks so much for the great response per usual!!! And yes, the feeling of panic is not good. They do the layoffs over the course of multiple weeks, multiple times through the year it's seeming :( Everyone remaining just wants to leave

like

P1 you are awesome.

like

Oh wow. They responded. I stand corrected! So not from PwC and Deloitte! 😽

like

👬

like

P1/P2, what career advice would you give to those who were let go as a campus hire? In speaking to some of my friends, it seems like it's really an uphill battle for us more so than people let go with years of job experience. We're not allowed to go through campus recruiting, but we also don't have enough experience for "entry" level jobs that require 3 years experience. It's unemployment purgatory 😕

like

What's the deal with Lauren Weber? Is she on this?

like

P1 and P2 have always been a thing (no, not like that 😅). Loved their Partner Discussion thread a while back

like

Related Posts

Given the current scenario, seems like getting laid off is a very real possibility. What is the severance package like at EY, PwC, Deloitte? Just curious

like

If you're on a PiP, is it better to quit just before the end stage, when you get fired, or better to get fired and collect unemployment, but also have a company-based termination on your record

like

Loved latest episode of Billions….you are not vaccinated you are fired.

like

Should I take a 15% pay cut and leave Accenture for industry? Or wait it out to find a better paying opportunity? Worried about chargeability and layoffs, hate the process of getting staffed. Wondering if it's worth it though for such a big drop.

like

The more pedestrian your intellect, the better fit you are at D Heard of a colleague with an FRM charter being laid off today. Overall excellent person. And you won't believe who they promote year after year.. the character, curiosity and quality of the lifers Don't join this firm if you for a love of learning and to be inspired. Join if you are a middling who wants a good brand to hack ahead in life and rise above your station

likefunnysmart

It’s restructuring season. KPMG, GT, and other firms have begun announcing layoffs. Everyone should take some time to polish off their resume. It’s a cold world out there and loyalty means nothing to your employer. Here’s to hoping that everyone lands on their feet and I’ll see y’all in a happier future.

like

Does D give you a severance package when you're fired for poor performance?

like

Layoffs and furloughs thread. What firms are cutting and furloughing? Across all industries.

like

How are people "networking" now that we are wfh? I mean, you are barely even aware if people still work in the same company. Previously, you at least saw them every now and then at the office but now... They could have fired half the company and I wouldn't know

likehelpfulfunny

Leaving the firm for grad school in a month. Trying to get a severance package but recently got a new career counselor. Do I tell her I'm going to grad school in a month? Or keep my mouth shut until I

like

Many of my colleagues that started with me have been laid off. Where should I start looking just in case. Key resume points: - TS/SCI + poly - Security+ - AWS CCP - PMP - want to stay in DC area

like

Layoff news from Deloitte! Is there a pattern?

like

I feel for all of those being laid off. Truly best of luck finding something. One thing I realized as a millennial in consulting is job security is non existent.

like

If you are separated from your firm and you are kept on payroll for an additional month to facilitate payout of severance when does the 60 day grace period count start? Is it on the last day on payrl?

Have you ever been fired from a client? What are the signs?

like

‘‘‘Tis the season for the layoffs

like

What is the separation package Deloitte consultants got for layoffs?

likefunny

From reading this app. I realize we have it really well at EY. Deloitte doing major layoffs, KMPG has to come in at the crack of dawn, PwC well the hours..

like

Nothing today on the S& layoffs?

like

Anyone looking for a freelance graphic designer or illustrator? Just got laid off, and could use something to hold me over.

like

Additional Posts

Another F500, Erie Insurance, has suspended all travel.

like

I’ve been offered a job (Cyber) in Fed Gov space. 20k salary increase , stock options. So you’re probably thinking what’s the problem? I’m afraid, but the alternative is, I don’t like my boss

Given the current scenario, seems like getting laid off is a very real possibility. What is the severance package like at EY, PwC, Deloitte? Just curious

like

In house lawyers for global companies: do you expect your international travel to rebound - ever? I am at a firm where I practice in government enforcement and investigations, and I always saw myself going in house to do this work and travel abroad frequently. Are those days gone because of zoom?

like

Desi Consultants!! - who all are thinking of hiring Sima Taparia (after watching Indian matchmaking on Netflix) for finding your future significant other?

likefunny

Wharton EMBA worth it? Late career starter so limited white collar experience but interesting background/past life. Also have kids to support so can’t do a full time program. Want the MBA for career boost ($), as an entry to faang/MBB and to have more security for future opportunities. Worth it? Does the EMBA have the same faang/MBB recruitment access and weight as full time?

like

Can anyone explain CLEAR to me? I have Global Entry which includes PreCheck but was sent an email from United about CLEAR.

likehelpful
likehelpful

Openings in Infosys, Indore. DM if interested

Post Photo
funnylikehelpful

Flying out of newark for first time tmrw morning 8am (I'm an LGA gal normally). Terminal C, have precheck. Cannot miss the flight but also love my zzzs; any advice on when to get there?

How is Honeywell's FPA profile and hiring process?

like

If I didn't have this app I would probably think about switching to the big 4.

like

Is there anyone that has taken the FRM within the last 2 years? Planning to sit for May 2022 Exam. Need some advice, buy books from you, etc

like

The number of apps/utility tools we’re using is ridiculous. I probably spend an hour of my day just reading Basecamp 2, Basecamp 3, Wrike, Microsoft Teams, and slack notifications

likesmart

I need to know if I’ve pigeon-holed myself. I have an undergrad in music business, and got a lot of good experience then. Worked in live events for 4 years before returning to law school, intending to practice in entertainment law (specifically music). Got a summer internship at a boutique entertainment firm, but no offer due to the small market. Moved to a larger market, but I’m not in one of the “hotspots”. I’m in-house currently, and have moved up quickly. (Cont.)

like

I wanted to flag so others can know, I live in mcol and I just received an offer for 120k base and a 15k signing bonus. I have three years of experience. I asked for a signing bonus and a 110k salary. If you are a senior, you should definitely be applying and just see what comes up. Crazy the market for seniors right now

likehelpful

My principal approached me in the car pick up line on Friday to inform me that I’ve taken to many days off & school has just started. I took 1day off when my daughter tested positive for Covid, I had an doctor’s appt that had been scheduled 6 months ago to see the hematologist. Being that I’m anemic, current labs showed I need to have 2 iron infusions. I put in for 2 more days off to have that done. He told me in the future to wait until a work day! We done have any until December!!

like

Is it normal for teams to lose it on each other on a regular basis? I’m fairly new to the B4 and never experienced it at former firms. It starts at the top and it’s starting to take a toll on my performance. Not sure if I need to suck it up and deal with it or start thinking about changing teams. TIA

like

If you're on a PiP, is it better to quit just before the end stage, when you get fired, or better to get fired and collect unemployment, but also have a company-based termination on your record

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal