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When recessions come around, how likely are consultants to be laid off?

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Depends on the work you do. Cost cutting programs are an easy sell in recessions

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The 10 year treasury bond interest rate is now higher than the 2 year treasury interest bond rate suggesting that investors feel that 2 year treasury bonds are riskier. If this holds for a few months, a recession will likely hit between May 2020 and December 2020 so I am naturally curious about job security

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Sorry about that!

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Somewhat depends on the area - some are impacted more so than others. Also generally this starts with letting low performers go, especially at senior levels as they’re much more expensive, then folks that are not likely to move up and/or have been at the same level longer than their peers.

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Larger firms it definitely happens more often especially if you’re on the bench and have no prospects of immediate staffing. They have a lot of bodies to work with. Smaller “firms” need higher caliber consultants to get by. Those are not easy to find so layoffs are not as common. Low performers definitely start to get weeded out though.

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