Thread regarding Deloitte layoffs

5% Cut

There is your 2020 layoffs summary:

  • 5% across-the-board Deloitte US headcount reduction, effective early June. This is average; some practices will be hit much harder than others based on market projections.
  • Affecting up to level of Partner (presumably they will be allowed to retire comfortably?).
  • Separation conversations begin next week w/Talent for Deloitte US (later in June and into July for USI?).
  • People who are let go will have a combination of salary and benefit continuation (what % not indicated), some additional amount in a separation package, 100% payment for remaining PTO, help with unemployment insurance claims process.
  • Additional impact in form of reduced work schedules; impacted employees working ~80% of normal FT equivalent was mentioned, but potentially even greater reduction; executed as reduced work week and commensurate reduction in comp.
  • Workload modification conversations start mid-June, in effect in mid-July for Deloitte US.

Reduced workload employees won’t lose benefits (not said: whether employee’s share of benefit costs in % or raw $ contribution will go up).

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Post ID: @OP+15dkWbfm

5 replies (most recent on top)

Separation Conversation means your Director/AVP (someone you rarely if ever speak to), comes by your desk and asks if you have a minute. They then walk you to a conference room where HR is, listen to HR fire/layoff you and take off before you can ask him questions. You then have to sit through a less than two minute prepared speech before being asked to leave the property now and come later to pick up your stuff under the watchful eye of security and direct supervisor. However; during this conversation, you end up begging HR to allow you to go back to your desk to pick up your purse (which contains your identification) so you can legally drive off the property. At that point HR walks with you through the office with everyone watching to retrieve your purse. Somehow, the director/avps are too stupid to tell you to bring your pocketbook. If anyone decides to work here, pack light.

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Post ID: @4fek+15dkWbfm

When they first mentioned that the bulk of the layoffs would take place after "Performance Management" assessments, everyone's internal alerts should be going off. Deloitte has a long and sordid history of "cooking" performance reviews. Search for Deloitte and "forced rankings". It's not what you know and how productive you are. Also, honesty, integrity and character (along with skill and productivity) count for exactly squat compared to 'boot licking' and s—ing up to management fads of the day. The little boy who points out that the king is wearing no clothes gets drawn, quartered and executed. Keep your head down, your mouth shut and pray during these times.

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Post ID: @4zbi+15dkWbfm

Do they provide any kind of severance or "separation package" if you have been there short of a full year? I have been there just shy of a full year. Would I just get my accrued / unused PTO and salary owed to me?

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Post ID: @4vqw+15dkWbfm

Yeah, that's what it means, but "fired" means for some performance reason, and you're typically not eligible for rehire. Most of the people getting laid off probably will be. Deloitte is very welcoming to former professionals who leave on good terms (this qualifies) and come back later. The Advisory CEO actually let the "L" word slip a couple of times in Friday's call. Everyone's experience is different, so I'm sorry yours hasn't been great. In 6 years, I've seen a lot of people leave. I'm older, so maybe I've learned to take what big organizations tell me with a grain of salt, so I'm rarely disillusioned.

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Post ID: @1cqn+15dkWbfm

What exactly are separation conversations? Is that just a fancy way of saying you are fired and here is what you are entitled to? There are others in my dept with substandard performance evaluations so I am not too worried about losing my job. I will be actively looking for another job in the next 12 months though because i do not enjoy working for Deloitte. The Deloitte culture and all their big talk about integrity is complete BS.

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Post ID: @jua+15dkWbfm

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