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

How is it that every company complains they can’t find workers yet 9/10 posts on linked in the last few weeks are all about layoffs? And just taking a look at the jobs in your are…why does every job suck and want to pay you 45k?

like

Any news on layoffs/recession in banking industry?

like

Any layoffs in Luxoft , will there be any difficulty for bench employees

like

Got laid off on July2, still no unemployment payments from NYS. Is everyone having that kind of delay? Impossible to get through to unemployment on the phone.

Layoff in IQVIA?
@iqvia

like

Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

like

Does ey gds lay off?

like

Have layoffs been finished for the year or are more coming?

like

Has anyone been able to negotiate anything extra or terms when being laid off?

like

Hey! Any Google folks know if it’s possible to negotiate fully remote if a contract role is hybrid? Personally, I don’t want to relocate and go to the office on a contract role given the current economy. Plus, I’m assuming contractors are the first to go in layoffs. I just think it’s a fair trade off if I’d be allowed to work fully remote. I’m also trying to have flexibility to manage my Airbnb business in a different country. Same time zone as the home office if I’d travel weeks at a time.

like

Just got laid off do I need cobra? I plan to hopefully have a job soon

like

Hey Accenture Team!
I’m a L9 consultant based out of San Francisco, California who was impacted by recent lay off at Accenture. I wanted to understand as per WARN Act California employees are to be given at least 60 days notice, however I was only given 3 weeks notice. Can I challenge this?

like

S&P Global Hey everyone, Heard this rumour that huge layoffs are going to happen in S&P global india....can anyone give heads up about this ?

S&P Global

helpful

One issue with the work from home revolution will be the offshoring of jobs. I got laid off and my replacement will be from Mexico City. One time zone away and probably half my salary. It is what it is.

likesmart

Does anyone have any insight into the Layoffs from a SCNO perspective? (Numbers, duration, etc.)

like

Has anyone working tech for a bank been laid off yet? Tech layoffs all over the media but no one is talking about developers at banks (who make up 1/3 of headcount in some cases)

like

S&P Global I heard S&P Global recently fired so many people from Ahmedabad, Gujarat location.
Is it true?

like

Hey Guys. Regarding the forced layoffs in PS. It’s high time we unite and hit them back. I’ll request all people who’ll receive the video connect email from PS to do one important thing. Use a a pen camera or a hidden camera(small) in your pocket before attending the call and record the call and events. These peoples should not be spared. Try to get some evidence and let’s expose to public media and other legal teams. You can do this anonymously thereby saving others from this crap.

likefunny

Tired of this constant grind and constant layoff situation in NYC. Thinking of making the move to LA. Any thoughts? Yay or nay?

like

More Posts

Is it possible to practice M&A law outside of NYC?

likehelpful

I was asked to recreate this stock image from online and have no idea how to start. I tried using merge shapes with a circle and a rectangle but things were coming out looking funny. Any help would be appreciated!

Post Photo
like

Is montblanc’s horology legit? Might sound like a dumb question but I think of them as a stationary company first before a watch company

like

Any interest in doing a daily reflections thread? In the spirit of rotation one of us would be responsible for posting the link and kicking off the share for a month at a time??

like

Why would anyone want to be a dental assistant when they're paid so little...?

like

Finance - Highest salary? After how many years? Is Ad better paying than typical accounting?

like

Random partner asked a litigation-related question to a partner I frequently work with (i’m a transactional associate). My partner cc’d me and said for me to briefly look. Asked the library. They got me a great case. Sent it back. Now the random partner is asking for more cases in another circuit.

I haven’t done caselaw research since 1L and this isn’t even my practice… wtf do I do (I am fully utilized in my normal work and have a few deals closing soon…)

like

It’s hard to trust the partners/leadership when they want us to return to office as being better when we increase offshoring? Also, the pressure on billable hours when all that really matters is how much our fixed labor costs vs. how much we can bill (which is usually fixed fee or at least a range) and the fixed labor costs of offshoring is significantly cheaper so the hours don’t matter. Am I mistaken by this viewpoint?

like

Can someone tell how to prepare for interviews?
What type of questions will be ask regarding projects?
Please share your experience.
Thanks in advance.

PS - I'm SAP SD Consultant with 3 years of experience.

35M , ladies would you be cool with a SD. Let me know you what you like to be spoiled with !!

like

Buy/lease now or defer to Q1-2023?

My car broke (engine seized, 10y old). I am interested in 530i ($62k price), however 3year lease is $1,000+ monthly (with $5k down). Monthly lesse payment is 50% more than bmw advertised offers (“south FL dealers are not participating in the program”)

Q to car gurus/experts- should I defer purchase/lease for 6 months? My logic, the impending recession will reduce demand and we will go back to more balanced market (lower prices with negotiation).

like

Just in time for busy season - latest Facebook watch raffle group win - Ball Engineer M Marvelight NM2128C-S1C-GY, an upgrade from my Tag - have a great afternoon fellow watch lovers!

Post Photo
like

I Have a HR scheduled meeting, in the morning. Is that Sus?

like

What are the best consulting companies to work for in life science consulting? Specifically for supply chain.

like

FIS India WFH extended till Dec 2022 ✌️

likeuplifting

Anyone transition from healthcare to legal sector? I reached out to a recruiter because I’m looking to make that transition from healthcare administrative to a legal project coordinator. What are some transferable skills and goals I can best illustrate to recruiters and hiring managers?

like

Advice on taking and passing the SPHR exam?

likehelpful

This is how I feel!!!

Post Photo

Hi folks,
Whats the average salary of a vlocity Developer with experience in salesforce admin, lwc, apex, vlocity Development and Trained in vlocity order management.

I am planning to switch organization.

YOE : 1.4
Current CTC : 6.8 LPA

like

From what I understand, ethics is separate from legal. Legal violations have consequences, ethical violations don’t. What’s the point of ethics if there are no consequences? Sure when it’s convenient to be ethnical, everyone will be. It only matters when it’s not convenient. So should there be ethics set up with consequences like loss of job that applies evenly for everyone in the company including the CEO? Should their be financial consequences set up for smaller violations?

like

Additional Posts in Consulting

What book have you read that was helpful for your career and/or that you would recommend? Could be a technical book, management, etc. For me, it’s a book I read a few years ago: The Phoenix Project. I never thought I would read and like a novel about DevOps but I recommend it to all my managers.

like

Looking to switch firms and a Deloitte S&O recruiter randomly reached out to me on LinkedIn. Says he wants to have an informal chat. Any tips or advice? It'd be awesome to land this position.

like

Top consulting firms right there!!

Post Photo
funnylike

Does anyone from EY have insight on layoffs? I'm seeing horror stories from other firms but haven't heard anything about EY layoffs. (Manager, FSO-Advisory-Risk)

To the savage who didn't flush your vile mess away may explosive diarrhea strike you on the subway tonight.

like

Woke up to bug bite at a Sheraton on my Birthday.. #GreatStart🙄😪

like

Planning to go to Japan in a few weeks and now all the talk of nuclear war has my family telling me to rethink my trip. Would you be concerned?

like

Any book recommendations? Preferably shorter < 300

like

Anyone wanna throw me their Uber eats referral code?

like

The Oscar snafu definitely simplified explaining to Uber drivers what I do for a living 🙃

like

Justifying the Sheraton's painful bed to yourself because the Four Seasons don't recognize your loyalty

like

Any idea why EY is not on the list of Vault 50 top consulting firms but it is on the prestigious list?

like

A coworker of my cousin in Florida just checked JetBlue's price to fly to Boston ahead of the hurricane: $3800.

like

Losing motivation and drive as time goes on , and I’m only 27 . Nothing I’m passionate about and money just seems like it’s ever enough ($160k total comp) . I was lucky enough to be making that much at McK while solving social problems within education , Econ dev , and public health

However , social good isn’t pleasing my soul neither is the income . I’ve switched jobs to healthcare where I’m impacting people’s physical and mental health . Still no passion / drive

I feel lost / bored :(

like

I wish I could get pregnant, so I can go on a maternity leave from public accounting
- I’m a male.

likefunny

OTS is growing rapidly and leadership has asked us SMs to assist with recruiting. One of our needs is for cybersecurity and data privacy consultants interested in M&A e.g. CISSP, CISA, CIPP, CIPM, etc

like

Any book recommendations for philosophy, psychology, and business? Or any book you read last year changed your values? Going to fly international, gonna read it on flight. 😍

like

Anyone in Seattle this week want to grab a drink?

like

First time switching jobs. How do health benefits work - if I have some past claims I haven’t submitted yet but fall under old employers’s time period. Am I hooped or can I still submit all of that stuff?

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