When consulting firms do layoffs, is it across all levels? For example 20% at each level Analyst, consultants, managers, and partners? Or do they lay-off by high costs aka management?

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Target lowest ROI. So a number of under performing managers+ that have inflated salaries, then down the chain until they hit the number they need to. Analysts provide high margins since pay is entry level.

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High performing ones that are utilized are a good group to be in. No golden ticket but it’s definitely not the first group looked at.

Partners are not going to make the decks! You always need the analysts :)

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The latter, but low performers are let go across all levels.

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I’ve only been through a round of layoffs once. Partners are difficult to lay-off and principals are the partners slaves and they wouldn’t be able to love without the people that do their job. They mainly went for managers and associates. Analysts don’t cost much and with the up or out you have a natural point of exit, so they didn’t force it. Eventually it got to the partners and principals, but not in the first round.
But this is just one experience at one office and one firm.

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I think they look holistically.
Primarily, chargability.

So, what practice areas are least likely to sell in new economy. What levels are not attractive to sell on the new mix of projects, what levels do we have too many of (wonky pyramids) and also from there they look at lowest ratings and lowest individual utilization ofc.

I was told 10% needed to be cut.
Choosing the who was easy but it’s never an easy phone call

This example was at EY.

Most recessions about 20-30%. I predict about 80-90% in advisory, 50% in M&A, 25% in tax, and 10% in audit

Lol so whatever firm is that you are talking about is closing their advisory business? And is mauling their M&A group expecting that there is no consolidation after the crisis?

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*Pre-Disclaimer 1: In no way am I suggesting layoffs nor am I discrediting your work. I recognize that you all are doing incredibly difficult and valuable work. I simply am asking so that I can learn if this is the type of work I would like to do in my career

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