Why has work been slow the past 4-6 months and keep hearing about layoffs at PwC and Deloitte? The market hasn't even been terribly volatile during this time/ what else affects this?

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No, both just were too aggressive on hiring last year and didn't grow as quickly as expected. Additionally (at least in Deloitte's case), a lot less people left the firm this past year so that coupled with over-hiring led to Deloitte having way too many people

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How has the market not been volatile? There was the terrible beginning of the year. Then it was good. Then Brexit. And now it's at an all time high. That's completely volatile.

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Work has been anything but slow, pWC and Deloitte have slipped a little market share wise, it'll rebalance, it always does

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Don't forget it's an election year, a lot of companies take things slow while they wait to see where the chips fall

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D2 we won't officially be in recession till March, but we are do a recession, best indicator is November.

How deep may hinge on the election (Wallstreet runs on confidence) but it'll come before either takes power. Just isn't official till 2 quarters of negative growth

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Also, isn't consulting a leading economic indicator? Meaning the economy isn't bad but likely will start to show some signs of a slowdown

Ey1 just looking at overall trajectory of s&p 500 since Jan

Banks performed very poorly in the first quarter. Goldman laid off a lot of people. Credit Suisse has shut down a few trading businesses. Db's net income is down 98% in the second quarter.

It's mostly folks in the financial services sector... Everyone else around here seems heavily utilized

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