This is the scariest reason I have heard for Layoff.. This might have noxious impact on other organisations

Business Development Manager

KPMG to cut 5% of US jobs in fresh round of layoffs

KPMG to cut 5% of US jobs in fresh round of layoffs- Grapevine

Google's parent company Alphabet has announced about 12,000 job cuts globally on Friday.

Google parent company Alphabet announces nearly 12,000 job cuts worldwide

More layoffs in the US

Customer Experience

Welcome to Personal Finance's Private Community

They've hired Boston Consulting Group to help them carry out their plan. The plan is to cut atleast 10% in major units. The project is termed Project Bora Bora. 

They will be eliminating regional managers, co-heads and other employees with overlapping responsibilities.

Chief of staffs and chief administrative officers will be cut this month. Operations staff who aided divisions that have been divested or reorganized are also at higher risk of layoffs.

Citi Bank is reportedly going to cut 24,000 jobs worldwide

The Consultant life is all about chilling and billing. You chill and then you bill for the chaos

Product Manager

DevOps Engineer

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According to a report, Amazon will be terminating 10,000 jobs starting this week, which represents less than 1% of its 1.5 million global employees and around 3% of the company's corporate staff.

Amazon to layoff 10,000 employees

Any thoughts on PwC's layoffs?

Operations Manager

The financial service company will likely streamline its operations and adapt to market conditions. The Mastercard layoffs are expected to impact many employees worldwide to align its resources with the company's goals. As per reports, the job cuts are anticipated to be completed by September 30

Mastercard Layoffs-financial service company to yay off 3% of its employees

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Cognizant to layoff 3500 Employees

Founder

- WayCool has initiated another round of layoffs within five months, cutting over 200 jobs to streamline its business operations.
- This marks the third layoff exercise within a year, affecting employees across Chennai, Bengaluru, Hyderabad, and its subsidiaries.
- The company has raised around $300 Mn in total funding, backed by investors like Lightrock, Lightbox, Lightsmith, 57 Stars, and FMO.
- Sources indicate the layoffs are due to financial struggles, including delayed salaries and client payments.
- WayCool aims to achieve profitability by simplifying and automating roles, with plans to complete its bridge round funding by August. 

 Source: Inc42

WayCool Cuts Over 200 Jobs In Another Round Of Layoffs Within Five Months

Journalist

Google parent Alphabet on January 20 announced that plans to cut about 12,000 jobs or 6% of its global workforce, Bloomberg reported.

Google parent Alphabet to lay off 12,000 employees, 6% of total workforce

Google to lay off 12,000 employees worldwide

Simpl has laid off over 25 per cent of its workforce, which is around 150-200 employees, this week,
https://www.timesnownews.com/business-economy/companies/layoffs-intensify-another-indian-startup-announces-job-cuts-says-re-looking-headcount-to-prepare-for-new-economic-reality-details-article-99632767

Simpl Layoffs: 25% of its workforce

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

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

Consultant

Welcome to Business Roles's Private Community

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

Deals are not happening as it used to. Macros uncertainty is keeping clients on budget tightening. The pre-sales consultants are having hard time to convince the clients

Software Developer

https://www.wsj.com/articles/pwc-laying-off-1-800-employees-plans-restructuring-of-products-business-b5dfe7c1

PWC layoff 1800

Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.

Flipkart may trim rolls by up to 7% in yearly refocus

Flipkart is planning to layoff 7% of its workforce

Research Engineer

Hubilo to cut workforce by 35%

Cloud Architect

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

Expedia is set to layoff 1500 employees. Everybody is just laying off people giving any bullshit reason

https://officepulse.live/expedia-trims-workforce-in-restructuring-push

https://economictimes.indiatimes.com/tech/technology/expedia-to-cut-about-1500-jobs-globally-amid-moderating-travel-demand/articleshow/108026228.cms

Expedia layoff

Hats off to that grapevine Samaritan who mentioned to hold whatever job you have as things will only get worse this year.

Recruiter

Software Architect

https://www.fnlondon.com/articles/what-deloittes-overhaul-means-for-the-big-four-the-job-cuts-are-coming-20240321 What Deloitte’s overhaul means for the Big Four: ‘The job cuts are coming

Big4 folks get ready!

Engineering Manager

Roughly 2.5% of the workforce. Are there any details on teams and geographies impacted?

Accenture to Layoff 19k employees

Senior Manager

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Paytm layoffs

Software Engineer

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/amp_articleshow/98943110.cms?amp_js_v=0.1#webview=1&cap=swipe

KPMG to cut 5% of US jobs in fresh round of layoffs

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