When you're proud of PwC for not doing layoffs, but your coworkers start disappearing left and right for "performance separations" and now you have a meeting invite with a partner/HR tomorrow morning.

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At least Deloitte had the balls to call it layoffs. That way people got severance, extended benefits and no issues getting unemployment. What PwC (and likely others) are doing is a meager attempt to preserve the firm’s reputation while screwing over employees.

likesmart

I got severance after getting a 5

As a Deloitte partner - this is what we knew was coming when others announced no separations due to covid. When's your fiscal year end? That's the guiding part here.

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PwC’s performance year is May 1 – April 30, and fiscal year is July 1 – June 30. PwC is disguising a sudden uptick in PIPs and layoffs as “performance separations” at the expense of its employees. Shady af. I put in my 2 weeks notice this week – so relieved to be leaving 👋🏼

likefunny
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Brutal.

Or. Not if

Same thing in 2008-9

Oh boy

Sorry comrade

June

Deloitte is earlier by one month I think

Why hide behind “performance”?

Probably trying to get around the WARN Act, or something. That act requires that employers give 60 days notice for mass layoffs to employees, as well as the local mayor or whatever. This also tends to make the news, and probably would for an accounting firm on a slow news day. Easier to hide behind “performance” than risk bad press (potential) clients might see.

If it’s any consolation at all, most employees this happens to end up at competitors, clients, or targets.

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