Why are so many Strategy& associates/seniors being laid off?

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Because it's the Titanic and that bitch just hit the iceberg.

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Low utilization, high salary.

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It's also because when a partner needs to up or out someone, blaming it on utilization is an easier discussion.

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They treat their employees like shit., all pdubs should plan a mass exit dec 31st 2017.

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It's cuz PwC sets an unrealistic margins of 17-21%growth annually and cannot sell. So when they don't meet the numbers , they lay em off

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This year, the panic is overblown and the firm did quite well - so while we may have hit the iceberg (or the container ship, if looking for a more recent metaphor) a couple years ago, the ship has engine power again and is steaming at three-quarters speed.

With that said, the firm did overhire, particularly at the SA level. Many (maybe most) of the people pushed out were low performers, but there was indeed a contingent for which sufficient work could not be found. The drivers are discussed ad nauseam in the S& bowl, though can essentially be summarized as second years being preferred over their first year counterparts.

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@S2 what level are you? I feel like I've seen those similar canned responses from partners and directors. You'd have to be drinking the cool aid pretty hard to say we are doing great. Rounds of layoffs in December, "project fit" (layoffs) in April, and larger than normal cuts in may (including multiple people with high utilization) don't really point to doing great....

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Genuine question: Why dec 31st?

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Because partners are greedy and prefer to cut folks when they make mistakes like over-hiring and under-selling rather then reduce the bonus for themselves

My RP turned on me and was basically repeating HR jargon during CRT.

S3 - exactly my thoughts. I feel terrible for having started my career here.

@S&2, neither. Agree that the firm has gone through rough patches, though I am told the ups and downs were far worse pre-acquisition (I've heard varying estimates of the percentage of people let go in one particular class and while they vary, the average is 50%). However, the numbers I've heard of for FY17 are pretty compelling in terms of growth. And while none of us want to admit this, the standard market entry / growth strategy usually calls for a period of large investments followed by leaning and monetization - unfortunately, that means people in the consulting biz.

I'm not saying that everything is perfect or rosy - some of my closest friends in the firm were let go, and for the longest time, I had no desire to help recruiting. All I am saying us that this year's cuts don't seem particularly deep (I haven't seen any A1 reductions in two large offices that I spend my time in) and that a couple practices are well beyond capacity.

S2 - I was one of the strongest advocates of S& on FB until very recently. Unless you're a partner or about to make one, I would stop drinking the kool aid and defending this crap.

I mean, this is what "up or out" is all about, isn't it?

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