they have already happen at Accenture it is just the starting point. Accenture is cutting costs in a big way, they did not show up for a major industry conference this month, they just fired a bunch of their recruiters, another 10% is being identified.
It is industry wide
a competitor just made a decision to do an effective 25% reduction of staff - not in the market news yet. They identified 10% already and just asked for another 15% to be identified.
EY cut holiday bonuses