Why are we getting so many campus hires again when we just laid-off so many folks?

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Cheap labor

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Campus hires are much cheaper and can likely be billed out at similar rates as many of the A/C/SCs that were laid off, resulting in higher profit for the firm.

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Preserving university relationships/recruiting pipeline

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May have been offered roles 6+ months ago?

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Same at ACN, offered several months ago.

Those offer letters and contracts were sent out and signed 8-12 months ago

likeuplifting

We are letting more expensive yet lower performing folks go. Hiring overly eager, cheaper folks. It’s the only way this pyramid stays pointy at the top.

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If you start rescinding offers to incoming analysts, you severely damage the brand and reduce the firms organic growth. Apparently they did that during the dotcom crash and it took years to recover. It’s an investment in the firm

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I don’t think Deloitte cares though. Seems like D is the only big 4 laying off people?

Brand.

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Championships are won in the draft

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More thinking the NFL but Bird, Magic, Thomas, Jordan, Duncan, Kobe, Curry, and plenty of others.

Just like in sports, it is all about getting younger and cheaper

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Lose interest. I suppose if they are “loose” I’d lose interest as well but that’s not the point.

How do they make sure these campus hires develop skills?

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Campus hires need more opportunities to do things outside of PMO work. Let them see config, FS and other things besides decks.

Cheaper? They will be making $95k this year.

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Yah wish we could change our region. Don't want to be associated with America in any way. Low pay and all.

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If you can't figure this out on your own....

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...you’ll be replaced by a new campus hire.

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Because we got our offers last October....

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Cheaper

Younger talent is easier to mold than older talent and spot potential. Besides salary, benefits are also less like pto, 401k match, health insurance cost etc.

Cheaper!

Cheaper

Bench is super thin, we need more blood

Because they are dirt cheap?!? Who cares if they know nothing... uh?!

The ones we hire at IBM are dirt cheap...

They cleaned out the fat and replacing it with muscle

Sounds about right.

Bc we don’t need managers, we need analysts

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