When you hear about people in projects being laid off from the firm - how is that profitable? If there's money being made why would you stop it?

like
Posting as :
works at
You are currently posting as works at

Cut ppl with higher cost and back-fill with lower cost. Fatten up those margins.

like

Sometimes it's due to the "up or out" model. Firms won't continue to pay for employees whose growth is stagnating

like

Op, a course in macro economics may be a good place to start.

like

Firms often also take a broad view of overall practice/ group metrics. Sometimes we hire too many folks too soon and medium/long term expected pipeline or trends don't warrant that many people + what A1 said ^

like

@ey1: maybe. I don't know macro economics. Just IT.

Sometimes people say they are laid off when in actuality they were fired or counseled out.

Related Posts

Hi all, I have offer from TCS, Tata Technologies, and capgemini, Tata Technologies and Capgemini offering same ctc, for tcs it is very less, considering layoff situations which should be the wise decision in terms of job security and wlb

like

I asked for a raise and instead got laid off. Told that after looking into finances not only can they not afford a raise they cannot afford me. But I know for a fact they are replacing me with an Agency that say they can run our Social Media for 500pcm. Is this normal practice these days?

like

Anyone else hear that post-CRT partners will get fired this year in commercial advisory? How the hell does a partner get fired....

like

I got an email from a Cybersecurity Advisory Partner with the subject "Catch-up". Last week we all rolled-off from project abruptly b/c the client terminated the contract. Am I getting laid off?

like

I am seeking new employment, I was recently laid off due to lack of work. I would very much appreciate any leads. I have a Bs in Construction Management and over 15 years experience with Revit and AutoCAD and 7 years of plumbing design. I have solid references and impeccable work ethic. I truly enjoy what I do. Working remotely the last three years has become a way of my life and supports our current situation well, therefore I am seeking a similar role but will consider other opportunities.

like

Maybe this is a dumb question, but thoughts on IBM right now? Got a call today from a recruiter for SAP OCM position (managing consultant ). Said they’re hiring a bunch but then I see layoffs. Huh?

likehelpful

Anyone expecting layoffs due to COVID-19? There’s an indefinite hiring freeze and most promotions and have been paused. 👀

like

Just got laid off but am holding onto God’s promise. Instead of wallowing and being bitter, I know I can trust Him to be faithful! God always has a plan and is always right on time. ✨

likeuplifting

Just heard EY is about to make more layoffs in audit too

like

If you do something on the side for extra cash (like drive for Uber) then lose your agency job in a layoff, does your little side gig disqualify you from collecting unemployment?

like

Laid off at PwC. It was more of a relief than anything. Anyone have any knowledge on openings at smaller (but not necessarily boutique) firms? Human Capital / Change Management related field.

like

What if Elon Musk replaces Rajesh Gopinathan as the CEO of TCS?
All the useless managers will be fired?

funny

Confronted client today about partner forcing us to travel while client site has travel restrictions. As a result is team is remote next week. Counting down days till I get rolled off/fired now lol

like

Is it any surprise we’re seeing mass layoff in tech? Years of rich friends hiring rich friends with no work ethic has lead us here. I know way too many tech people who work maybe an hour a day followed by errands and traveling. A lot of getting in these places is who you know, apparently that doesn’t work out like it used to. The amount of people who worked for Meta, Apple, Amazon, etc for a few months / maybe a year is astounding. it’s around that time frame a boss can tell if you’re worth it

like

Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



like

I’m so worried I’ll get laid off. Last week I was slammed, but this week is slow, and I’m just so anxious...

like

Deloitte people. I confirm layoffs of 4 ranked individuals and this year it's been hard rankings. Many 3s forced into 4. I was on the calls. Beware. Not trying to scare. Sharing facts.

like

After 6 years of temporary contracts and unstable situations, I find my dream job in my dream company. All of a sudden the world goes upside down and I get laid off. I start sending hundreds of applications, with only 2 recruiters getting back to me to say I don’t have experience for the job (this is how it works in Italy). Add a terrible health situation in my family and it seems there’s no light at the end of the tunnel. Ugh. 😞

like

Hi all, i was fired today because i said the truth!! Isn’t that interesting?

like

Blue shield of CA fired 375 people. Any other insurance companies having massive layoffs?

like

More Posts

Is round 4 application suicide? Planning to apply to LBS and Said.

like

Are Tuck and Darden really much better for consulting than other schools? Yeah they have that rep but it seems they have more students recruit for MBB so overall success rate into these firms isn’t much higher than other schools.

like

Is a 710 gmat (q44 v42) worth retaking? I’m a Latin American male working at McKinsey, 4.0 gpa from the top university in my country on a full scholarship. Maybe with a lot of effort I could get my score up to a 730, but I’m not sure if it’s worth the time

like

Hi Fishes,

Does mindtree accepts counter offer?? If yes how should I approach them and how many days before do I need to do it?

like

I have received offer from Wipro which is little above than the offer that I am holding but fixed pay is less. Thinking of rejecting Wipro offer. Is it better to reject or accept and then not join. Also if I reject, will there be any issue like they won't consider me in future?Tata Consultancy Wipro Cognizant Infosys

like

Hi Friends,

Recently received offer from capgemini as a Senior Manager.

What could be the roles and responsibility for Senior Manager?

What’s the average GMAT score required for booth/Kellogg’s executive MBA ?

like

How are you supposed to get IV compounding experience if the hospital you work at won’t let you train?! I’m so frustrated. I’m certified and have my license to do so.

CERTIFIED AGILE MANAGER (CAM) Batch completed in Chennai on 17th July

Post Photo
like

Anyone in New York City that can recommend queer legal communities other than just Lambda (which is great! Just want to broaden networking/community opportunities)

like

How do we get others to join Fishbowl? There are currently only 15 of us from the company and we have about 2000 employees now.

like

Isbthere any probation period for lateral?

like

Anyone else play lord of the rings rise to war on their phones?

like

I've worked with Huron folks as an Administrative Fellow and the firm seemed pretty cool. Anyone here from Huron able to chat about a possible referral?

like
like

Guys please suggest any good hotel(no need hifi, just for night stay) to stay in kharadi, Pune or near by.
I have 2 days working office in a week. Need for 2-3 days only.
If you have any idea please suggest.

like

are interviewer led cases easier than interviewee? how to stand out. made it to final round at BB applying to M

like

HR opinion: Do I have any leverage as a hospital nurse case manager in negotiating earned time? I have 15 years within the organization, left for 10 months to be remote during the pandemic while sorting out childcare as immunocompromised family helped. Now HR is restarting my ET as a new employee. I realize I left, but not on bad terms and I am an exemplar and respected employee. I thought I’d have the upper hand with the nursing shortage but I’m getting the “rules are rules” response. Help!?!

like

Additional Posts in Consulting

Anyone in LHR terminal 3?

like

Any one who has done CSCP certification and can help guide through the exam preparation ?? Does it help when applying to MBB??

like

trying hard to hookup in a bar but no success 😞😞. Ladies any tips ?? 34M Chicago

like

Am looking at exit opportunities and researching FAANG. Curious to understand why anyone would join Amazon which has the worst benefit of the FAANG? Can anyone share what’s better at Amazon that I am not aware of? Amazon and Facebook on sites lined up in January! So researching now!;)

like

Deloitte people. I confirm layoffs of 4 ranked individuals and this year it's been hard rankings. Many 3s forced into 4. I was on the calls. Beware. Not trying to scare. Sharing facts.

like

Anyone from Slalom on this thing? Anyone in the NY metro and how much do you make going from a manager to Slalom?

like

A quick note about what I’ve experienced, in my decade long career, is the real advantage of MBB or FAANG - it gives you a shot at stretch roles that are outside your expertise. Not all the time or even most of the time compared to better candidates with specific experience for the role but gives you this wildcard shot at a vast array of opportunities.

like

Just read a comment on ManagementConsulted.com from 3 years ago where someone said Accenture gave them tuition reimbursement (74k) after interning then joining Strategy. Does this sound true? Can I leave and come back then?

like

H1b 🐠 - about to apply for my extension. For the first time, I was told that I need to be aware of the 60 day threshold on out of home office travel and that the new administration is enforcing...

like

Planning a babymoon with my wife. Shooting for April-May and looking at Hawaii (Maui or Big Island). Hoping with the vaccine and travel precautions, it'll be okay, but we're also prepared to cancel.

Any recommendations for hotels there that you've liked? I figure the Ritz or Four Seasons, but would love some opinions from those who have been.

likeuplifting

Advice or Book recommendations on how not to get bothered by others/ friends/ peers? What they think or what they do!
Been struggling lately

like

Bain & Company Which are the best consulting firms and practices for Climate Change & Sustainability, especially in the Canadian geography? Also, please suggest the best Canadian city for consulting jobs.

McKinsey & Company | Boston Consulting Group | Bain & Company | Kearney | LEK | EY | Oliver Wyman | PwC | Deloitte

#ClimateChange #Sustainability #Water #ESG

like

8AM Sunday Scaries 😬

like

Being an adult is overrated

like

Any book recommendations for the summer vacation season? What's your favorite book over the last year?

like

Beside toastmasters, what are other ways to improve communication and public speaking skills? Books, podcasts...?

like
likehelpful

I want to make my money work for me and investing in index funds seems to be a good first step. Anyone have any good books/research websites to recommend for investing in index funds and/or other financial instruments? Would also appreciate advice anyone has for a first time investor who is terrified of losing money to the market.

like

midnight flight sfo-ewr is awesome until it gets delayed to 1:30. every shop closed by 11, fml.

like

Has anyone heard of the Practice Area Project Manager at BCG (kinda internal role)? Pros & Cons? In terms of career projection, posibility to jumping to consulting, WLB, exit opportunities...

like

New to Fishbowl?

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

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal