Current recession giving ‘08 vibes to consulting companies in India:
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’)
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So, I’ve been hearing a lot about how consulting firms are struggling lately. Layoffs, hiring freezes, you name it. A lot of boutique firms seem to be doing better than the big players like MBB and Big 4. Has anyone else noticed this tre...
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A...
Ironic that consultants aren’t able to manage their hiring demand better 🤔
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Def. happening at EY, and Accenture Consulting rn.
Roughly 2.5% of the workforce. Are there any details on teams and geographies impacted?
Heard this morning from a friend who works at Accenture India, layoffs have begin once more. He said he is not sure if this is part of the 19000 that was announced during the earnings call.