Why have I not heard any lay-off announcements from other firms? Are you guys doing well or is it coming?

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We seem to be weathering the storm so far. No talk of layoffs at all.
No in-market hires right now but we are still doing MBA recruiting which is a good sign.

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In general, Deloitte has a more ambitious growth plan which made us recruit more aggressively than other firms in the area. This made sense considering the demand we were seeing, which of course now is gone...
Other firms were not recruiting as heavily so less fat to cut in the short term

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Seems like Deloitte’s trend to always overindex on supply

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Seems like Deloitte Canada has been over extended for awhile. Poor business management by the Canadian Deloitte partners.

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Not sure that’s true, D3

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No layoff talks due to covid for us either for now. Lots of efforts being made to take care of our ppl first

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Arvind had already said restructuring would happen back a month and a half ago. Also would like to note that certain areas in the business like GTS, which is not our consulting arm, would have had more impact from restructuring

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Kpmg did a round way before Deloitte

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PwC is starting to push the voluntary leave program and requiring us to use our vacation, but no layoff talk as of now. Things could change tho.

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They sent out vacation guidelines for assurance. I think it was for audit only because everyone there has too much vacation banked.

Partners taking the initial hit at PwC. Pay differed for them until december I believe. We were also on a hiring freeze for last 6-12 months which has helped.

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Nothing in short term but if impacts are seen on economy..no one knows

Probably doing way better than D.

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So are the layoffs at Deloitte over ?

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