With layoffs happening in tech, are we seeing/ expecting similar things in consulting?

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

Don’t worry OP! Julie will lay-off people during recession and blame poor performance of the employees. She did this during Covid

likefunny

And then send out a mass email to the employees asking them to refer all of their friends…like the ones they had just fired

likefunny

I‘d be surprised to see industry-wide layoffs in consulting as most types of consulting are still in crazy high demand. Why would you expect that to change?

like

Probably just people who insist on working from home indefinitely. 😂

funnylike

What layoffs?

like

Yes. Be strategic about where you are and your specialty.

likefunny

You have to step back and see the horizon. It won’t suddenly collapse. First there won’t be the same number of opportunities. That is happening now. Not quite sure when layoffs occur. Seems to be specific to the industry and firm.

likehelpful

See 2020. Laid off people just in case (but called it non performance, to add insult to injury.)

In consulting it’s always “performance based” :

Do you really work 8-5 honestly only on project work ?

The global leadership team just reiterated to our North American team that we are still hiring with no changes to the 2022 plan.

I do appreciate that fact. Companies have to make some kind of decision in the face of uncertainty. The last two years is a huge example. But I also read from a number of sources and believe literally the last 10 days or so was a tipping point. The question becomes how deep and now quickly. I’m guessing flat in the employment market, which will have an impact on hiring and salaries. Not sure after that yet.

Related Posts

What are the biggest lessons you've learned from being fired

like

Any news on layoffs/recession in banking industry?

like

Due to a layoff I have a ton of time on my hands. Any courses, certifications, etc. people would recommend to fill the time before landing the next job?

like

December layoffs anywhere?

like

Anyone dealt with age discrimination at work or thought they were fired because of it? I have a strong hunch I was let go because I'm older than most of the team and they're trying to get a "fresh perspective." To me it just sounds like they're firing anyone over 50.

like

Thoughts on all of the layoffs happening?

like

I heard Moroch is starting layoffs beginning 9/1

I’ve been laid off and, as I embark on my job search, I’d like to keep my marketing skills sharp. Any recommendations on must read books, or resources?

like

This may be an unpopular opinion.

But I think it's kinda shitty that when FAANG people get laid off, everyone feels bad for them and they get so many resources to get rehired, but the same is not true for people that get laid off at smaller lesser known organizations.

Like those FAANG people will be fine, they got generous severance packages. The people who actually need help often get overlooked or are forgotten.

likesmart

I've been googling but please help!!! Anyone know of a way to erase txt messages.?!? Mgr and bf have same name sent the wrong pic to the wrong person... so not trying to get fired!!!

like

While negotiating the offer the recruiter came back to me and said "We’re working through headcount planning right now. The position you applied to is closed". Looks like a hiring freeze. Does this mean layoffs are coming up? What about the candidates (like myself) who cleared HC and was in negotiating process?

like
like

I got laid off in January and have been trying to find a new job since. I keep making it to the phone interview and sometimes a second interview, but always get ghosted. It’s so disheartening.

I have too much experience for an internship, and I have too little to be the top choice for copywriter roles. I know I’m a good writer, I know what I’m capable of, but it’s so exhausting trying to convince people. They always like my book but it’s never enough to get the gig. What can I do?

like

Got laid off a week ago and have been slow to get back on the hunt. I feel so demoralized and depressed. This is the worst season to be unemployed. I can’t seem to get a fire in myself again

like

Does a severance usually come with a lack of work letter? (Big4)

like

How active are firms in hiring Analysts / Associates currently? Expecting to pick up steam or slow down? Casualty of COVID layoffs trying to get back in.

like

Has anyone taken part of the education reimbursement program? I’ve been here for 4 years and I’m thinking of obtaining my Master’s in Organizational Leadership, but I feel like with this merger, if I started the program and then there are layoffs or too many new hires, or work just becomes overwhelming, I wouldn’t be able to complete my program. I’m already wearing multiple hats when it comes to work. Does anyone have insight on how it works/what it’s like? Thanks in advance!

like

Got word that my dept will be laid off. Currently work Case Management which I don't really enjoy. Looking for a career change, WFH preferably. Any leads?

like

Hello everyone, I’ve worked in HR/Recruiting for a couple years, one year as an HR coordinator and two as a recruiting coordinator. I’m currently laid off and looking to go into a different department in the tech space where I could leverage transferable skills. What type of roles would you suggest?

likehelpful

Need some advise. I am fairly young/junior in the industry and was included in COVID layoffs. While searching for new positions I worry about moving to a less prestigious agency and stunting my career or not being able to find work at all. I am leveraging connections that I can but am feeling really overwhelmed with this transition. Any tips?

like

More Posts

Guidehouse 🐠 on the healthcare team: What is the salary range for a Senior Associate? Ive looked online and it seems it can range anywhere from base $ 97,000 - 107? Any insights? Thanks

Did I miss the boat on MANA? What’s everyone’s thoughts?

like

Going to Austin for graduation. Should I stay at the W or JW Marriott with points? They’re both category 6, but does one stand out more than the other?

like

I learn quickly compared to many of my peers. I'm working with a staff that learns very, very slowly and is not meeting expectations after 6 months. Tips/advice on how not to lose it?

like

Hi everyone,

Are there any openings across Entry level openings in Product Analytics, Product Management or Product Design?

I'm looking to apply for roles at any of these. Would love your support!

like
like

Is putting other as your race on an MBA application a disadvantage? I don’t identify with any other options on the given list of races.

like

Put the Merci on a Forstner Klip bracelet and I love it. Should mention that the bracelet shipped with spring bars that were a fraction of a millimeter too large, but I had other spring bars I was able to use. Other than that happy with the quality and the look.

Post Photo
like

Has anyone just been feeling pretty sad and down these past few months? I’ve never really felt this way pre-pandemic but now no matter what I do (workout,talk to friends, yoga) I still feel waves of sadness. I live in a cold city with strict covid lockdowns so I know that that is contributing to my sadness but just wanted to see if anyone else feels like this and how you are coping? I also haven’t traveled or gone on many social outings since last March so Ik that is taking a toll on me as well

like

What is the maximum salary range for application developer team lead in Accenture?
Relevant years experience 8
Total 10

Looking for a natural antiperspirant that doesn’t stain...suggestions?

Does anyone have experience or knowledge of how much someone who goes through the SAP academy for customer success makes when they come out as an account executive base and bonuses? Or how strenuous the 9 month training is?

like
like

Anybody applied for an h1b transfer (COE, regular processing) recently and got approved? If so, what was your wait time? Currently waiting for mine but not sure how long to expect.

like

Hi fishes, need referral in IBM.I have the job id. Thanks in advance.IBM

like

In Bosch global services Ltd...
How NPS ( company Contribution) amt is calculated
Is it some ℅ of basic or of ctc? Or is it fixed for everyone.

Is NPS optional.
If it is paid by company, and is not part of ctc, then everyone will take it.

like

What is the starting salary for EY ITS Associate in Detroit?

like

Just got an offer at EY in chicago. Are people in the office? Remote? Traveling? My interviewers were from all over the US and more established in their career so seemed to wfh more regularly.

like

Additional Posts in Consulting

"Get me an estimate of when you'll be done with my estimate."

like

Have a potential interview with D in another city. However the date they picked I had a personal weekend trip planned. Fair to fly from home city to interview then rent a car from interview to weekend

like
like

Is anyone willing to look at my resume to let me know if I’m qualified enough to be a consultant at Deloitte? TIA

like

I feel like I am getting more judgmental and a bit less compassionate as I get older. Can anyone relate, and any tips to help stop this way of thinking?

likehelpful

What is so great about working in Salesforce? What are the benefits everyone raves about and what do they even do? Is it implementation?

like

“AssureCo” and “NewCo” … cringe.

Post Photo
funnylikehelpful

Stopped into the westin lounge for a water - saw they had pizza rolls - don't mind if I do

like

Any recommendations on a good office chair below $500?

like

Hi 🐠- looking for some advice. I was offered an hourly contracting position ($71k) working as a sub to Deloitte doing PMO work. I am currently at a small firm making $55k with 1YOE. Is this move worth it? TIA

like

Has anyone successfully managed to get rid of lower back pain whilst working from home? I’ve invested in a decent ergonomic chair, try and sit with good posture and have a standing desk which I use for c.1 hour per day. Any other tips?

like

I'm looking to pivot from consulting into tech. I've gotten lots of interesting from tech companies on the ops side but am much more interested in product management.

Any advice on books or courses to help make the transition? I'm struggling to land PM interviews at companies that aren't tiny startups :(

like

What’s your most important skill and why?

like

What should I do if I’m working 60 billable hours but my director is telling me to bill 40? Scared he will fire me if I report this. Please help

likefunny

ACN people who do the ESPP: do you do the max contribution? I'm enrolling for the first time and it just seems like a lot of money to take out each month lol

like

What’s the difference in the travel/staffing model between MBB? I know Bain does the home office model so they travel less, but what about McK or BCG?

like

How do you switch practices?

like

Looking for some material for a crash course in IT strategy consulting - books article etc. any recommendations would be appreciated

like

Im being sued by my landlord for breaking my lease. (I didn’t break my lease. It was a constructive eviction because they violated the warranty of habitability) Does anyone know a good lawyer I could use in NYC? Thanks

like

Anyone have any first hand experience of seeing the benefits of putting Big 4 on resume?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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