What is the likelihood of Layoffs during an economic downtown for consulting firms? Who typically is affected first?

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Probably in order of
1. Low performers that have had chargeability issues
2. People who have been on the bench for too long and may not have the network to help them get staffed
3. Certain groups or industries that have bad pipelines

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Would add internal “overhead” is an easy target.

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There will be layoffs. Just a fact at this point. Only question is how bad.

Federal practices are typically cushioned quite a bit since contracts aren’t as affected by recessions. My SM said in 2008-09 our ~60 person practice had 0 layoffs

Very true! Just saying it doesn’t often fall with the commercial side

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Very high.

Depends. Change and churn within industries is often good for consulting firms because they need help navigating the new landscape. But it typically takes a while for companies to pull the trigger on those asks in turbulent economic times.

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Morning! Being laid off sux, I been down this road 5x in my career it never bets easier.

Dust off contacts and make your rounds
* if you’re in a good position to take time off do some, seems we all need a mental break anyway

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