When does the recession hit? How will consulting firms conduct layoffs?

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Non billable and low performing always go first.

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Recession coming in late 2023 or early 2024. It will be mild so white collar workers will survive. Be grateful

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Boom/bust cycles in America has been around 7 years for the past 250 years. The last bust was Feb 2020. Saying the next one is 2023 is a bold statement

The last thing I’m worried about is layoffs. Never happened at my firm in over 30 years

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Small software company

Recession is inevitable. Pays are rising, supply constraints exist, and feds will have no option but to keep raising interest until ppl stop the spend. Usually on bench and and avg/below avg performers are the typical targets

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They won’t?

Crystal ball, much?

Public companies first, then Big 4; MBB and K&O only if things get really nasty.

Hahaha 🤣

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They'll probably freeze hiring and then get more ruthless with PIP and showing "low performers" the door.

Most of the layoffs will be on the support side and many projects will be highly encouraged to use offshore resources to be "leaner."

Boom/bust in America is on a 7 year cycle for the past 250 years. The last bust was February 2020

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If we are billable on project in nagarro do we need to worry about recession for now .
One more question:
What is nagarro planning how to handle recession:
Lay offs or salary cut or stop increment.

Please anyone from leadership reply

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