Why is Big4 laying off cybersecurity folks?

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Because cyber is an afterthought for many top level leaders, and when budget is tight, cyber is not a priority until they've been a victim.

likehelpfulfunny

Most clients are not interested in cybersecurity work unless they have had a massive breach or detrimental loss of business. Lots of them will just pay the fines and move on, too, instead of investing in addressing cyber risk.

Plus Big 4 is freakin’ expensive. You may as well hire a boutique to do the work for 1/5 the cost (that is just a guess).

likesmart

-Big 4 services are often perceived as too expensive. There is lot of competition from other midsized consulting firms that offer the same service at a lesser cost.
-Core businesses of Big 4 outside of Cybersecurity are impacted by AI. I see the layoff move as a “wait and see” tactical approach by the Big 4.

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Cost center

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They are a cost center to the clients, even more so than other consulting service lines as cyber strategy doesn't generate revenue

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Top consultants are moving to profit centers or going independent.

funny

It sounded good when I typed it out the first time. 🤣

funny

Simple, we all hired based on growth projections that were backed up by 2023/24+ pipelines. When those projected were cut, durations shortened, and sales cycles got longer we had too many people.

funny

Agreed, but I wouldn't say the less qualified people are the ones being cut. Makes me want to go back to a boutique.

idk i've had two diff b4 recruiters reach out in past week

role was for snr consultant cyber, d and not sure of second, didnt give me numbers.

I have crazy good wlb & network

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