Finance

What was the last recession like? Who are the first to get laid off? How can we try and make sure it isn’t us?

like
Reaction Icon Like
Arrow Icon
works at

The last recession likely isn't a good proxy due to the extreme severity. Its probably better to compare what happened in 2000 and 2001. First to go are all temporary staff and consultants. These are easy and dont carry negative impact to the workforce. If that wasnt enough, then strategic decisions could be made on pulling out of failing business products, units, or markets (which will be even more negatively impacted during a downturn). All other things being equal, overall reductions in workforce become based on merit, skill, and compensation. It's probably a blend of the three. All you can do is work hard and prepare an exit strategy in case of the unexpected.

Reaction Icon Like
like
Arrow Icon

Last time around was terrible. Who is “us”?

Reaction Icon Like
Arrow Icon

Related Posts

Slowly reflecting my way through Zaretta Hammond’s book and wanted to see what you all thought about the listed “trust generators.” Anything missing? What do you prioritize?

Post Photo
like
Reaction Icon Like
Arrow Icon

Has IT disabled iCloud for Mac users?

Reaction Icon Like
Arrow Icon

If driving to a client site on your personal car, can you expense the gas on your Amex? In addition to getting the mileage reimbursed?

Reaction Icon Like
Arrow Icon
Reaction Icon Like
Arrow Icon

Does training count against utilization? Going to a training academy for a week sponsored by the firm.

Reaction Icon Like
Arrow Icon

What offices are repped here? I'm MN 🙌

like
Reaction Icon Like
Arrow Icon

I’m looking to buy a house but with prices so high in my area I may have to lower my retirement savings (or even stop contributing) in order to afford the mortgage payments. Is this a bad idea?

like
Reaction Icon Like
Arrow Icon

Do post MBA consultants take a pay cut when they move to Amazon given Amazon's low base comp? Or is there a way around that? Is the pay cut worse if you move from the US to London?

like
Reaction Icon Like
Arrow Icon

Anyone heard of or have experience with Winter Harbor consulting? Being reached out to

Reaction Icon Like
Arrow Icon

Directors, how was the CRT process this year?

like
Reaction Icon Like
Arrow Icon

The worst thing happened. My princpal stated that the higher ups want to visit my class. I stayed up all night and got to school early to prep. They never showed

like
Reaction Icon Like
Arrow Icon

New A2 thinking about my first model case coming up. Are Cs typically helpful or do they just let you run with it? Also, what % of Cs could actually help? Is it typically just the promote through Cs?

like
Reaction Icon Like
Arrow Icon

😭

Post Photo
likefunny
Reaction Icon Like
Arrow Icon

So, how about Antifa?

Reaction Icon Like
Arrow Icon

Compensation thread-Firm, years of experience (in consulting and industry), salary

Reaction Icon Like
Arrow Icon

Looking to switch into tech? Check out levels.fyi and it shows you an accurate estimate of what to expect based off of submissions from the public!

like
Reaction Icon Like
Arrow Icon

How did you all find a mentor? I'm having trouble finding other people with similar life experiences in the discipline I want to be in.

like
Reaction Icon Like
Arrow Icon

In London for this week for work and planning on taking a day trip to Switzerland. What are the top 2-3 things I should see and in which city?

like
Reaction Icon Like
Arrow Icon

Looking for companies with a WFH AMS WD role that is currently hiring, any suggestions appreciated

like
Reaction Icon Like
Arrow Icon

Eminence ? Writing white papers is rated over client work ? Where do I find sample papers for consulting in technology on D website ? I want to produce some as well.

like
Reaction Icon Like
Arrow Icon

Download the Fishbowl app

That was just a preview…
Sign Up to see all discussions
  • Discover what’s 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 with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Sign in here

Share

Embed this post

Copy and paste embed code on your site

Preview