Which firm treated their the worst this year? (Bonuses, layoffs, etc)

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Prob WeWork

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Yea this needs more love

EY- no raises or bonuses unless you got promoted. They said they wouldn’t do layoffs and did. Went to unlimited vacay but oh BTW also happens to save the firm $36m doing so. Folks are pretty distrustful of leadership right now.

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Actually E3, they did say they wouldn’t do lay offs for the foreseeable future, but there would be the “normal” performance based separations and in order to afford that, there would be no bonuses. Also, they mentioned that partners would take a pay cut before they think about lay offs. However, they were vague on what performance based separations would entail as I can testify that some of the people that were laid off in my group are some of the most brilliant people I have worked with. The deliver all round.

Yeah, Deloitte has been pulling a lot of BS lately. They did put out a little bonus today, but overall it's been probably one of the most frustrating places I've ever worked.

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Deloitte

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We also just put up 7% growth year over year for Q1, in a comparison to a pre Covid quarter

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Deloitte

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Harvard

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I'm guessing Uber 😂😂😂😂😂

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Classic K shaped pattern. Eng and office workers have done great due to stock price. Drivers not so much.

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EY

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DeLoyt

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I’d say pwc did a pretty good job and can’t complain. Wasn’t perfect but they are starting to bring back some stuff

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Accenture

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Lost both of my people manager in a span of 2 months.

D, when things were good pre covid and portfolio leadership had more control there were a shit load of promises (even written) that we would be given promotions and raises only to have that superseded by broad brush directives from HR.

High performers were sidelined in promotion discussions in favor of years at the firm. Basically 3 categories of folks for review "must promote" (aka they were here longer) "may promote" (aka "good effort, but you can wait") and then "do not promote". That's how you give a big middle finger to your best people.

Partner level could have taken a 10% revenue cut and been flat compared to last year in order to keep rank and file happy and motivated but they didn't.

I feel like our firm did the same with promotions.. and made the new Bs vacation policy.. stuff is rough these days

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Industry-wide layoffs tomorrow or nah?

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Compensation:
Wlb :
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But I think it's kinda shitty that when FAANG people get laid off, everyone feels bad for them and they get so many resources to get rehired, but the same is not true for people that get laid off at smaller lesser known organizations.

Like those FAANG people will be fine, they got generous severance packages. The people who actually need help often get overlooked or are forgotten.

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Please help him with referrals.

Correction: TC 51.3 has 15% variable.
Experience: 11 years (Marketing & Brand Manager)

Location: Bengaluru, Karnataka

#mba #marketing #branding #layoff

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Idk who needs to hear this but don’t just accept feeling lucky to have a job during a pandemic as an excuse to not get your promotion AND raise. If they say they don’t have money, issa lie. They have it, just not for you.

It goes without saying but always keep that resume fresh and be on the lookout for yourself because they SHOL ain’t lookin out for us.

🗣Don’t let them assign your value, know it for yourself and leave if you have to!!

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