Layoffs Community

by NoisyLook45

4 months ago

Layoffs at Bain India. At least 100+ people will be affected

Heard from people I know at Bain that they are laying off. This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding) A friend got impacted. Seems like this could be 10-15% of their consultants. Unprecedented.

BiryaniEnthu

Stealth

4 months ago

When I think I should leave my job and start searching, Grapevine pops one of these scary items 😭

monkey_shanti

US Based MNC, India location

4 months ago

Seems like you need to stop thinking that and it'll solve the problem for everyone.😅

FitBomber

Nike

4 months ago

Yeah, right! 😂

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Humanist123

Media company

4 months ago

That's why the government is giving free ration for the next five years also. No need to worry. Also there is an option to open Pakoda stall. I am doing the same.

wanderingindian

Unnamed

3 months ago

Bain laying off and Government giving ration to BPL families? Trust some brain dead libtard to come up with false equivalencies.

DirtyDot5

Stealth

3 months ago

Laid off MBB consultant with zero income is technically BPL 🤡

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monkey_shanti

US Based MNC, India location

4 months ago

~200 log (20-25%) are affected. Work ex 2-3 years majorly.

NoisyLook45

Acko

3 months ago

Spot on. 20-25%.

espresso

Bain & Company

3 months ago

Quite a few senior folks also though (Managers and up)

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HappyCactus9

Boston Consulting Group (BCG)

4 months ago

Bain India is mostly the backend knowledge support who portray themselves as consultants. Probably those folks

Sherlock007

TCS

3 months ago

💯

AlphaGrindset

Series A Startup

3 months ago

Nope This is only frontend consultants

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MightyLazyGeekStar

Stealth

4 months ago

Hopefully it would be 6 more months of bad market.

Raptor1

Google

3 months ago

Unless AI die, this layoff won’t stop!

mistral

Stealth

3 months ago

Unless fed rate is 0% this will go on .And bad news fed rate won't go to zero ever now

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DirtyDot5

Stealth

3 months ago

After Engineer chaiwala and MBA chaiwala the logical next step is MBB chaiwala 😂

NoisyLook45

Acko

3 months ago

Insensitive

DirtyDot5

Stealth

3 months ago

I agree

Borosil_Carrier

Stealth

4 months ago

What about the new hires from 24 batches? Are they affected too ?

NoisyLook45

Acko

4 months ago

@Borosil_Carrier I think it is people still early in their tenure at Bain who are more affected

NoisyLook45

Acko

4 months ago

So I would assume yes

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espresso

Bain & Company

4 months ago

I think it might even be closer to 200 folks, really shook that this is happening.

3xPlusOne

Google

3 months ago

Is it only Bain India affected or all across the globe ?

espresso

Bain & Company

3 months ago

Its only Bain India Partnership P&Ls are country wise so each office would take their own calls on how to manage costs and profits

JJproduct

Startup

3 months ago

1. What levels are impacted is it at AC, C or M, SMs are impacted. 2. Was it brutal like tech zoom call and gone or more performance based? 3. Are their industry verticals impacted most ex: Bain was a lot into e commerce, retail, private equity.

NoisyLook45

Acko

3 months ago

Mostly junior consultants. But some senior folks also impacted. Calls were set up, abruptly Not sure about 3 :/

Bumblejumble

Stealth

3 months ago

If u get laid off consider a journalistic position. If ur not already one.

Dadjo

Deloitte

3 months ago

Is this indication of what big 4 might do?

NoisyLook45

Acko

3 months ago

I really hope it's not!

BakshiBabu

Accenture

3 months ago

Than it's better not to join any Big4 for now?

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Prophet1165

Bain & Company

3 months ago

Accenture here I come!

NoobBooster

Bain & Company

3 months ago

when you jump from one sinking boat into another

CorporatePawsitive

Deloitte

3 months ago

What levels are they firing??

NoisyLook45

Acko

3 months ago

Heard it's across. But mostly junior consultants.

CorporatePawsitive

Deloitte

3 months ago

That’s sad. The usual layoff used to be higher to lower levels of hierarchy. Are the laid off folks being given compensation and what?

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NaiveChange

Goldman Sachs

3 months ago

The layoff is much higher number, close to 35%+ in 2024 spread across the year, which includes structured reduction and forced layoffs. Bain existence in India is under question … some of my IIM batch mates are impacted.

Prodlead

Reliance Retail

3 months ago

Which year graduates are this?

Blu

Google

3 months ago

Yeah, which batch?

GeminiAldine

Deloitte

3 months ago

Does MBB hires 1 year experienced CA with a good academic background!? And if yes any one could suggest any profile and package level for CAs?

Prophet1165

Bain & Company

3 months ago

Only rankers

GeminiAldine

Deloitte

2 months ago

Yes I have a rank How do I approach ?

TheMadHatter

Others

3 months ago

Put all your investments in an index fund and setup for a SWP. draw a salary for 20 years. Kisi ko pata nahi padega 😂

FocusedMama2

Infosys

3 months ago

Uske liye investment itni hni chahiye bhai

DFV

SaaS

3 months ago

Sad but not surprising. Globally these firms are struggling too.

GrimLizard

Stealth

3 months ago

Any idea on how the severance pay looks like and how much time are they giving for the transition?

Ibuildproducts

Explorer

3 months ago

a new normal is being set.

RealCoupon9

TCS

3 months ago

But why ?

LetsGetLaidOff

Paytm

3 months ago

So that the CEO can get a hike

DistinctKamikaze

Times Internet

25 days ago

Companies are now laying off employees left and right. It was about time that Bain layoffs also came into this race. Many employees are going through serious emotional and mental turmoil with so many layoffs. But, you need to understand that it's the reality. To ensure your position is secure, you have to push yourself harder to meet the company’s expectations. For those who have been laid off, take some time to process the transition. It can be difficult to acknowledge unemployment status after being employed for so many years, if not months. Don’t get yourself into unhealthy coping mechanisms. Also, you can find a new purpose and start job hunting to be on track.

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Curated from across

Layoffs on

by LeftBracket1

B2B SaaS

15 days ago

https://www.consultancy.in/news/4231/bain-company-fires-over-150-consultants-in-india-offices

Layoffs on

by IdioticRust

Boston Consulting Group (BCG)

3 months ago

Rumour | Large layoffs at Bain

200+ peeps asked to leave over the weekend

Layoffs on

by Pana2008

Stealth

a year ago

Consulting layoffs

Current recession giving ‘08 vibes to consulting companies in India: - Accenture Strategy considering layoffs - Deloitte (Consulting) considering layoffs - Mckinsey - already have done non-consulting layoffs - MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’) Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench. Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s). Brace for impact! (all unconfirmed, heard through ‘grapevine’)

Layoffs on

by User_123

Stealth

2 years ago

McKinsey Layoff

Office Gossip on

by random_variable

Flipkart

2 years ago

Flipkart Firing?

Someone from my connections told that Flipkart have consulted Bain/BCG ( don't remember exactly) and are planning to fire 10% of the workforce Anyone heard something?

Business Roles on

by Careermode

LivSpace

a year ago

Delayed onboarding across consulting firms (MBB too)

It seems like the bear market effects are down upon consulting firms now too Got to know from multiple people that were joining top consulting firms that their onboarding is deferred by 6 months (across places like Bain, McK etc) Already enough existing employees aren’t on active cases, and so it seems like they’ve hired more than there is demand for cases, people who have actually been sitting on the bench for months If demand does not return, this could really stack up and lead to a problematic situation

News Discussion on

by tony_stark

Cognizant

2 years ago

Layoffs

Goldman Sachs laying off a big chunk of their workforce, about 4000!

Consulting on

by espresso

Bain & Company

3 months ago

Ken reports on Bain layoffs

Getting more information on what's happening at my company from Ken vs management 😂

In early June, the smallest of the Big Three cut 15–20% of consulting jobs, as a crisis boiling since 2022 spilled over

https://the-ken.com/story/tiger-globals-downturn-hits-bain-india-one-in-every-five-consultants-loses-job/

Business Roles on

by Nole

Zomato

9 months ago

First MBB reduced bonus. Now EY is laying off US partners. Is something up with consulting in general?