When are we all getting laid off

likefunnyuplifting
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Hopefully ASAP

likefunny

Fr

Starting in October

likesmart

Yeah, they do, but they also don’t have the most intelligent people at the helm

likesmart

Sorry to dissapoint but many shops are still hiring so i dont think it is happening anytime soom. Can someone in TAS during the 2008 meltdown comment whether there were fdd layoffs? I think covid was different but i was not in tas to know about previous recessions.

likefunny

Agreed, performance related layoffs when recession and slowing deal demand happens.

Otherwise, take it in. Even if Apple/Microsoft or any large PE firm makes $0 for a year in a recession they will stay afloat for years on their cash piles not likely for them to go bankrupt or spend their hundreds of billions of $$ in cash. Prime opportunity to buy stuff at low prices. It’s possible, but compared to 2008, it’s gonna take a lot more than just slowing demand to wipe out everything. If that happens, money printing happens again and boom M&A everywhere.

likehelpful

Yall know that in a downturn TAS peeps will just be resourced on RX jobs right?

like

are people spending a lot of time on the bench? I don't know about nationally, but in my region we're still very busy. only people spending time on bench are brand new

like

I just switched firms and my utilization is in the 40% range. Deals seem more likely to die or not move forward these days. Kinda regretting switching firms since I’m sure they will do Last in, First Out if layoffs come

I think my group massively over-hired

Did you come from FDD and switch firms? Because I’m at pwc FDD right now and we are cranking deals

My utilization right now is 95% that’s crazy..

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