Why so many layoffs lately?
To a specific industry? or in general?

like
Posting as :
works at
You are currently posting as works at

Seems to be more so core advisory/consulting or technology. Audit and Tax much less so.

Accounting/Finance budgets are being cut or frozen.

Which companies?

Related Posts

Laid off, any tips on how to gain experience/sharpen resume while job searching? I was in a project management support analyst role/ Venture capital sales role. I’m thinking of getting certifications to increase marketability

likefunny

Hearing rumors about Huron layoffs. Any deets? Friend of mine said he got the "email".

like

Longshot post but does anyone have friends at City of Seattle, King County? Just recently got laid off by Accenture and I want to pivot towards work in the community, urban planning, etc. Really just want to do fulfilling work. Looking for a reference! 🙏

like

With so much uncertainty in the economy and waves of layoffs that have hit tech especially hard... do we think there's really such a thing as a recession-proof job anymore if you're not an "essential worker"?

like

When is next set of layoffs at EY??

like

Deloitte FL/PR is turning into a joke.. if firm morale wasn't already suffering from layoffs, they increase minimum hours through December while half the offices are unassigned. Abandon ship.

like

A buddy of mine is doing free headshots for folks who’ve been laid off in advertising. Everything helps when looking for a new gig.

Post Photo
likeupliftinghelpful

BCG folks, I hear rumors of layoffs happening given the slow pipeline. Is it true?

like

Tech company lay offs….are they soon to be inevitable?!

There is lots of companies really taking a hit in the tech space. Is this something that people are nervous about? Many seem to still be having a hiring push but with the button falling (IMO this is still just start we have a long way to go to bottom out) will that halt and layoffs ensue? And if so, which depts do you think will get hit the hardest?

Anyone have insight to what the plan is at UpStart for example?

like

After you are stealth laid off, other than job search, what do you do? I assume they won’t give you work and even if they do, you can politely decline? How do you feel about you are not progressing anymore and seeing other people progressing in their career? I have no intention to make partner, but still feel a bit stuck not doing that much.

like

Ok so another FAANG has confirmed layoff this week. Amazon joining the layoffs group with 10k layoffs!!

like

Hearing there were some layoffs today…

like

One of my senior managers is a boomerang and told me she was laid off when she was 7 months pregnant about 10 years ago. I think she was a senior or manager. She was in a specific group and everybody was laid off. It wasn’t performance based.

Would you work at your company again if you were laid off?

like

Has anyone seen firing in Deloitte India? Is there any process or employees are fired directly like few companies?

like

Hi all

Recently FIS LAYEDOFF 400+ employees yesterday
Any idea whether layoff will continue or this is Max any leads will be really helpful

like

If I get fired while on OPT without getting my H1-B stamped, is it useless or can it be used in future for some other job?

like

Review coming up. Is now an okay time to ask for a raise? Part of me is nervous if I get a raise I’ll be the first to go if layoffs happen with the way things are going right now

like
like

More Posts

Has anyone thought of doing of a masters in CS instead of a MBA to break into product management?

Does anyone know the salary/TC ranges for data scientists at C3.ai? I have an offer likely coming in this week for a senior data scientist in Washington DC and was curious about what to expect at this stage. Thanks in advance for the help!

like

I have been recently selected in Virtusa and in the compensation there are components like Internet reimbursement, LTA, food reimbursement.
Could anybody please help me to understand will these components be paid out to me monthly or will be only provided if i submit the proofs for the particulars.
Also is the food reimbursement offered in the form of monthly Sodexo coupons?

Anyone know if the variable pay is applicable while serving np? I got my last variable pay for oct to March cycle and my lwd is 19th sept... Should I get variable pay for April to sept on my final settlement? Or it will give at least April to June?

like

Will I be overpaying, if I get a 2017 Lexus RX350 AWD with 49.5 K miles on it for 32K out of door from a dealership near me? This is my first time buying a used car and also anything outside of a Honda. All insights are appreciated.

like

Why is the ad community in London so cliquey?

like

How company Company performance bonus is paid in persistent? In offer it’s mentioned that some is paid monthly and remaining at the end of financial year based on performance review

like

Anyone in FAANG cyber willing to refer?

like

If you got a job at FAANG do you find out within the week If you got the job after on-site ? 2 weeks if you haven’t gotten it?

like

Avg level 8 assoc mngr salary in accenture?
YOE -10
LOC PA/NY
Tech salesforce/veeva

like
like

Any Deloitte people that can help with billable work for a BTA?

likefunny

I want the juice from the food industry workers 🧐

like

What is 360 degree feedback?

When your feedback travels 360 degrees to come and kick you in your back 😁

like

How much percentage of your Salary do you Save/Invest?

like

Be kind to yourself teachers. Let the burden go and take care of yourself!

Post Photo
like

I’m feeling anxiety about Coronavirus. Does anyone else think that the virus is being used by the government for population control? I don’t know if I’m paranoid.

like

Looking for product Manager roles in india/europe in companies that send product Managers to US on L1A visa. Would like to know companies and level at which they do L1A visa. Can anyone help?

like

I have 5 years in insurance sales experience, how can I break into tech industry through customer Success?

like
like

Additional Posts in Accounting Exit Opportunities

Accounting advisory big4 or IA at F100. Both senior roles. Roughly same base pay.

Big4 has clear trajectory and interesting work.

F100 has 14% bonus, perm remote, and immediate vesting 401k over 7%.

What would you take?

like

If anyone is looking for opportunities in NYC - I have an amazing and honest recruiter whom I can connect you with. DM me.

like

Can you leave as an A2 to an audit client that you’re not on the team

like

Has anyone made a pivot from PA to finance/IB? I’d like to hear your story if you’ll share. Thanks.

like

What’s going on FB friends,

I am contemplating a move to industry working at a VC, Tax Director role east coast. Looks like it will be primarily overseeing compliance with some aspect of advising on structures etc. There is another tax reporting head above me.

The potential comp is the low 200k with a 10% bonus (still higher than what I am making). I feel this is pretty low for VC standards but maybe my standards are also too high. I have generally seen 25% bonus with carry.

Any thoughts?

like

Literally all of my LinkedIn connections are recruiters lmao

likefunny

Anyone had good multiple offers and had one the hiring managers pressure you into taking the offer after asking for additional time to think about it?

like

Has anyone actually gone through with accepting an offer from the Siegfried Group? I hear from a recruiter representing them probably once a week. How is it?

like

Is equity research a possible exit opp from audit?

like

Do you write cover letters? I usually write them but it feels like a waste of time.

helpful

Is there a role for a CPA that wants to get into data analytics? Senior audit associate now that wants to exit to get experience with SQL, Python etc. but don’t want to start all over. What roles can I look at where I could leverage my CPA experience but still learn about analytics?

like

What are the most boring jobs out there?

like

Anyone move from big4 tax to private equity tax? What’s your experience been like?

likesmarthelpful

I started a position a month and a half ago at a large holding company. My manager left after 2 weeks of training me, and his replacement is likely going to be another senior accountant. I am so lost and don’t have the guidance I had signed up for. Is it bad to ask for an internal transfer to one of the brands instead?

like

Tax Manager - what type of stuff can I exit to? I mostly has flow through entity experience and no income tax provision experience at a Top 15 firm. Been here 8 years and am a little nervous to even consider non public accounting because it’s all I know, but I want a less stressful work/life balance. Also I feel I’m overpaid and am afraid I’ll have to take a pay cut.

like

How hard is it to get into an investment bank for risk? Doing market risk related work (FRM)? And what kind of salary would you be looking at from entry to associate (senior) level ?

like

What is IT Due Dilligence? Is it more IT Audit? Better? Worse?

like

Should you discuss salary range with an internal company recruiter prior to setting up an interview? With external recruiters it’s pretty easy to talk about the expected range. I am trying to avoid wasting all of our time if i get to the last interview and they are expecting a salary that is too low for me.

like

Have my first call with a recruiter regarding a job they reached out to me about on LinkedIn. First call I’ve ever take regarding industry. Any helpful tips on what to ask? I don’t know the company

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal