PwC
How did PwC & EY consulting fare in this pandemic ? Were there many layoffs
Ey sucks
No layoffs at pwc yet except performance based. firm message is layoffs are absolute last resort — this comes at the cost of cutting bonuses dramatically of course
Agreed, which on the one hand, very humane... However on the other hand, they're stiffing their highest tier/performers most rather than trimming some fat (not the best long-term move imo) consultants with highly in demand skills are definitely jumping ship at a much higher rate than normal. (Easy to see when you look at ~30% of top digital lab contributors are already gone, granted digital lab is dogsh*t but atleast these are people that have skills the firm is targeting) it'll be interesting to see what happens long term for PWC because of this incredibly humane move. I mean I won't see it, in final talks with a few sweet exits but I'll stay tuned to see lol
No layoffs at EY. No hikes/bonus either.
PwC handled pandemic really well with absolutely no layoffs (due to covid). Additionally, in order to save existing employees they put the hiring process on hold for a couple of months. However, at present all the hiring processes for PwC resumed in full swing.
Nothing other than “performance based separations” at EY to my knowledge