{ "media_type": "text", "post_content": "Why would anyone with options work at Deloitte? Layoffs during a pandemic... & they handle it classely, unlike say a McKinsey. My friends in grad school were right to stay very far away. Low brow", "post_id": "5edfc29d53dbdc00213648f5", "reply_count": 79, "vote_count": 13, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Why would anyone with options work at Deloitte? Layoffs during a pandemic... & they handle it classely, unlike say a McKinsey. My friends in grad school were right to stay very far away. Low brow

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Different firms are taking different approaches but my guess would be any large firm diversified across industries is taking a hit. Deloitte openly stated they will be laying off people while other firms are likely raising their performance bar to cut the newly defined low performers. Both situations stink and I’m sure all firms would rather be growing than shrinking, but I do feel for the people at firms “without layoffs” who are being told it’s solely their performance that is the reason they no longer have a job, which may not be completely accurate.

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Not usually true. Being let go for performance is not the same as fired for cause. State by state varies, but that's not the norm

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OP - Like any other firm, Deloitte has issues. But to brand it as evil and lacking concern (and talent) is a bit extreme. When I had a personal situation, Deloitte accommodated my needs and I took on a short term internal role. I was given healing time. In fact I had positive experiences as a SC and M. It does get a bit toxic at SM level and some people realize that it isn’t for them. The firm recognizes that. There are trainings that encourage you to think about whether this company and line of work is for you or not. As far as exit options go, my team at Director level here at a big tech has ex- McK, Bain, World Bank, Deloitte, GE plus homegrown talent. So Deloitte (certainly S&O) does get you interview options and beyond that exit is your own making.

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Thanks D HR. Is FB becoming the new Glassdoor? Aka fake reviews by HR and bullshit anecdotes.

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I mean the high performers that survived are getting raises in an economy where most people are stagnating or getting a pay cut. Seems like they care more about their top people compared to the other Big4 but less about their bottom people compared to the other Big4.

I’ve coordinated practice layoffs once in my career and they were necessary based on the P&L, but it was an opportunity to let go of low performers. If someone is consistently un-staffed or under-staffed and senior managers don’t want to staff them, they they get laid off. Times are tough but these companies aren’t charities. If you cost less that you generate then you are a liability.

Is classely a word? You’re the Rhodes Scholar so you tell me.

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