Thread regarding Deloitte layoffs

Is there a chargeability number I need to hit to be safe during the next round of layoffs?

I am hearing rumors that there will be another round of layoffs. I am a first year consultant and I was wandering if there is a magic chargeability number I need to hit to feel safe as it relates to potential layoffs? Traditionally one would feel OK in a 80% to 85% range but given the current business climate and uncertainity, I wander what does this forum feel as it relates to the numbers. Thanks.

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Post ID: @OP+15uFRM7E

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Deloitte Leadership and HR are handling this incredibly poorly and unprofessional

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Post ID: @2jgb+15uFRM7E

I’ve heard more like 10%+. As soon as your leadership schedules a meeting start getting things in order. You have less than 24 hours to shut down for the last time. Severance is minimal

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Post ID: @1fpr+15uFRM7E

No more cuts this year. So far, I think 5000 (5% of workforce) is the "official" number. This is on top of the usual 2ish% performance-based attrition. Some layoffs have already happened but the bulk of it seems to be coming mid June into July. It is also said that even first-year analysts are not spared. Not sure about rest of the Big 4, but Deloitte has its fiscal year ending 5/31 so that might be a factor. Also, tech implementation projects are getting hit particularly hard so I'm not surprised that Deloitte has opted for this before other firms (also see IBM layoffs). They might actually be in a better position compared to the other Big 4 due to having strong federal presence - but who knows. I know EY leadership has promised no "covid-19 related layoffs" until after July but nobody is sure what will happen.

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Post ID: @mte+15uFRM7E

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