Layoff at EY GDS

Is EY GDS in India, in Strategic and Transactions vertical considering to layoff people ? And also what is criteria for a company to lay you off ?

Are the fellow EY employees also feeling the same that since the last 6 months, the work culture has deteoriated to a very low extent & many people are even talking in office about layoffs to begin soon. Share your thoughts if you are also feeling the same.

I have been working at EY for the past 3 years (joined after the pandemic) and there's been suddenly a shift in their policies. Last FY has been really slow for the company and now they're doing all in their power to make people leave the company. For example, compliance about things which no one was bothered a single bit in the past 2 years has suddenly become an issue at every possible level. Be it to being in office twice a week or even missing to fill out your timesheets. There have been no replacements for everyone who's left the company in the last 6 months. At the start it seemed like they valued talent but all rules and ethics seem to be thrown out of the room this year. Attrition is the mantra. With the upcoming appraisal season there are minimalistic hopes from the company. And all of the above seems like an effort to have excuses for poor ratings. All of this seems like a tactic to make you quit yourself before they start firing ! I plan to leave this place ASAP

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’)

Hi all, just wanted to know how will be the career opportunity in the future as I joined EY GDS as a fresher cyber security consultant, is it a good choice for a good future ?

Which is best ey gds or pwc sdc for audit and assurance department??

For a marketing role where i had an assisnmrnt with a lot of deliverables to complete in 2 days. On asking for feedback the recruiter told me “the person who screened assignments didn’t like your work much”. I feel absolutely garbage and am looking to feel better. Can someone tell me I just escaped a bad company or something.

Apparently a huge Goldman Sachs layoff is about to come soon. The company has taken a huge cost reduction target https://www.dailymail.co.uk/news/article-11581161/Goldman-Sachs-CEO-David-Solomon-warns-mass-layoffs-just-weeks-away.html

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