So, the way staffing works is, you are mapped to projects and projects usually last for a few months.  
  
 Utilisation is the percentage of time you are billable.

Software Developer

Growth Manager

I'm in the same boat too. 
  
 10 months without any billable projects. 0% utilisation.

Data scientist

Not sure. Haven't gone through my appraisal cycle yet.

Consultant

Heard from a few friends at PWC that bench is bloated there too.

I am on bench and so are many people. I am worried that if my utilisation bad for this year then I can easily be laid off.  Is this true for other big 4s?

I am on bench and so are many people. I am worried that if my utilisation bad for this year then I can easily be laid off.

Is this true for other big 4s?

Are there staffing problems in your company too?

Product Manager

Are there staffing problems in your company too?- Grapevine

Welcome to Data Scientists's Private Community

I am an entry level analyst in at Deloitte. Just wondering if these are some signs of a practice not doing great + potential layoffs in a few months/year.

1. Utilization: ~45% last quarter. They originally said that it was a slow start to the year with low CapEx by companies but we still don't look good this quarter now.

There was a small call last night between a few people in this project level meeting and the senior management straight up said "Their is no demand and people are still on bench. We need to reallocate some headcount"

2. Headcount growth - Last 1.5 years ago, every month we had 10-15 people join our practice, This has literally gone down to 1-2 hires to replace people who have left.

3. Resignations: 6-7 people are leaving every month in my practice, which is quite harsh. Someone told me that everyone they used to work with when they joined have already left.

4. AI-pocalypse - I feel most companies think that they can now do AI inhouse and niche projects but higher costs because of MS/PhD folks working on it is something they dont want to go for anymore.

If a layoff is incoming, what would be the best ways to prep?

I see two options:
1. Getting on a boring sad project but long term.
2. Do nothing: I am literally the cheapest resource in the company so they would ideally layoff senior folks first, right??

Signs of layoffs because of AI and how to prepare for it in Big 4? 😱

Welcome to News Discussion's Private Community

Recently got a job offer from one of the big 4 companies and was wondering if now is a good time to switch. My current job is a dead end job with no scope for growth at all.

Any signs of Big 4 looking to lay off?

Backend engineer

Welcome to Business Roles's Private Community

How is the bench scene like? Are promotions likely to be delayed? What are some rumours

How is the staffing scene at your MBB/ other management consulting firm

Does Big4(PWC,EY,KPMG,Deloitte) do layoff more than TCS or Infosys?

Big4(PWC,EY,KPMG,Deloitte)layoffs

Is Business Analyst loosing its lustre in Big 4?? Apart from getting to work for different type of companies as Consultants, the fear of project not getting extended/renewed is legit.
Drop in your thoughts!

Business Analyst

Business analyst

Infosys is not going for campus hiring this year and CEO asking youngsters to work 70 hours

On what?

Random Thought

Welcome to Indian Startups's Private Community

Hi , this post is intended to be a disclaimer to anyone who is planning to join Yubi. A lot of things are happening here that show some signs of an impending layoff

1) Several senior folks in tech and product have quit. Also there is no replacement hiring planned for them. Several projects are also getting shelved as a result.

2) there were several open roles a few weeks back and almost all of them are on hold as of now across all depts( tech , business , ops)

3) rampant cost cutting. The lunch options have been reduced to just 1 dal , 1 veg , rice and chapati.  Snacks have been removed too.


Because of several folks quitting in less than 6 months and no replacement hiring , load has increased tremendously on existing members who are themselves trying to leave. 

People have serious doubts on whether any hike or bonus will be given or not this year.

Rampant negativity at Yubi

I just cant handle the pressure and the stress in this role. I am working so hard that I have ZERO work life balance.  The entire day just goes in meetings and meetings.  I think that I don't know anything and am extremely worried about my future. 

The work pressure is a lot here, deadlines are too tight and I have been vomiting from stress at night.
The worst part is, Deloitte never pays for over time.

Anyone else feeling this in other Big4s? I want to switch ASAP or I will die here.

I feel like I have failed in life by joining Deloitte. Anyone else feel this way in Big4?

I was laid off from big4 with stupid reason is that When I started my carrier I worked in startup in 2015 company now the company is redlisted 2024. 

With this reson there are saying your company is block listed. The main reason is there need to pay variable pay and 23-24 hike to escape. there are using many tricks to layoff the ppl without notice.

Big4 campany layoff without notice

Senior Consultant

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.

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

Founder

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’)

Consulting layoffs

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

Swiggy lays off 380 in emergency townhall

I want to know if you are rolled off from project in Deloitte India. How much time can you stay on bench, then too when you have recently been confirmed. Also, is there a risk of being fired?

Bench scenario at Deloitte India

I’ve heard of you have a 1:1 scheduled with your manager for today or for later in the week you will be laid off. 

I think I’m safe according to the above. But still super nervous

What teams getting laid off at Amazon India?

Product Marketing Manager

Big layoff coming in EY GDS. People on bench has been hinted in today's townhall. 
Lot of people are on bench in EY GDS for many many months. Till December they were telling EY is recession proof, now all of sudden that only people on engagements need not to be worried.

Layoff at EY GDS

Analyst

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

Are there staffing problems in your company too?

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