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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Anyone hiring?

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I feel like I’m in the twilight zone seeing all this turnover/layoffs and practitioners firm jumping

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December layoffs anywhere?

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Hey Fishes,
I am suppose to join BNY Pune on grade I very soon. Wanted to check on how is the bank doing in the recession time. Any chances of layoffs predicted? Is the bank suffering any loss?

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Atlassian
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First round of layoffs at my company today. This industry is horrifying 😩

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Hi fishes,
Has coforge fired any employees in 2022?

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TIA

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Anyone worried about layoffs?

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