We have a corporate 401k we can buy into. When this person was asked if they received a payout from their pension plan, they said: If I get employed while on the 5wks sep, I get the remainder as a lump sum. One time lump sum for additional benefits. I can keep my phone (-$25 disabling fee). They’ll send a box for my computer and what not. One person who said they worked at Deloitte for 22 months as a consultant posted this on Reddit yesterday:Įffective immediately. Here are some of the horror stories we’ve seen so far. These involuntary separations headcount reductions layoffs have begun, as some Green Dotters who have been singled out for the chopping block have already been told their fates by their bosses along with HR. If I’m doing my maths correctly, that’s more than 5,000 Deloitters who will no longer have jobs in the coming weeks. So the run of bad news for Deloitte Consulting continues. We were also told that advisory and consulting will likely take a bigger hit than tax and audit. employees, across all service lines and businesses. We were told by several sources on Friday that Deloitte will be eliminating 5% of its U.S. who are on edge this week after practice leaders told their staffs on May 29 that a bunch of people will be getting pink slips in the very, very near future. June 1 was New Year’s Day in D-town, and there’s a lot of people all across Deloitte in the U.S. Has Dan Helfrich said anything about FY 2021 revenue projections for DC? I have no idea whether or not Deloitte Tax will see any type of revenue increase.Īlso, has Deloitte Tax, Deloitte Consulting, and Deloitte Advisory provided an update to employees on comp/raises/bonuses yet? If so, let us know by text or email using the contact info at the very bottom of this article. is projecting for FY 2021? While only single-digit, D&T is still expecting a decrease, Deloitte Advisory is projecting a double-digit revenue loss (see below), and I wouldn’t be surprised in the least if Deloitte Consulting took a HUGE hit. We had heard from some people that the firm’s audit practice took the smallest hit in terms of layoffs at 3%, while other practices and non-client-facing areas were losing 5% or more of their staffs.Īnd is anyone else besides me interested in the loss of revenues Deloitte U.S. Layoffs are allegedly done at this point, i expect their plan is to see some voluntary separations as a result of the compensation announcements today, but that’s just my guess. 2nd years will see a small raise for “compression” which just means they won’t be making less than any new hires. New hires all still starting, although staggered start dates. Projecting single-digit decline in revenue from the next year (thru May 2021). No furloughs, no pay cuts for professionals. Partners taking ~20% pay cut over the next two years. She confirmed what we had long expected: No merit raises, reduced AIP (i.e., bonus pool), reduced promotion raises. ![]() A tipster told us the following things were said by D&T CEO Lara Abrash this morning during a call with her audit and assurance peeps: ![]() We’ve got some new info to share today, at least from the Deloitte & Touche side of things.
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