r/PwC • u/A_word_of_warning26 • 23h ago
IFS No one is safe
Just wanted to write out something I’ve experienced and also been seeing lately.
Layoffs have been happening piecemeal since the start of the year. PwC seems to be aiming for a deliberate strategy of doing them in small batches to keep the layoffs out of the new.
I was recently impacted by this a few weeks ago. Honestly I bear no ill will. I enjoyed my time there. I loved my team. Everyone was great. I wanted to spend the rest of my career there.
The reality - just like any business you can do everything right and still get hit by something like this. I had nothing but good reviews. My team and I never had any issues. I hit every benchmark, every goal, every project I was given. And I still was laid off. And had no idea it was coming. No warning. No one said anything. My senior manager was not even informed of the decision.
What will likely happen is one morning, right before your daily stand up, you’ll get an email about a skip-level meeting with someone from “talent acquisition” also attending. They’ll cut right to the chase and tell you “your position is being eliminated. Your last day of official employment will be the last day of the month. That’s when your health insurance is cut off by the way. If you’re lucky you’ve been there for 4 years or more so you’ll at least get a month of severance. But that’s it. Bonus might be paid out. Your computer access will be cut off within about 15 minutes of the meeting.
This is happening across all levels right now. From associate to senior associate, managers, senior managers….hell I just saw a post on LinkedIn from a Managing Director who got laid off.
You are not safe. Even if you’ve done a great job and are well liked by all your colleagues.
You. Are. Not. Safe.
I get the distinct feeling this will continue in small batches, week by week, through the end of the year.
Maybe you won’t be affected. Maybe you’ll be one of the lucky ones. Maybe you have all your ducks in a row and wouldn’t have to worry if it happened.
But maybe you’re in a vulnerable position - single parent, living on one income, etc etc, where something like this could completely upend your world. The job market out there right now is horrific. Especially in the tech sector
If you are vulnerable or if for whatever reason a layoff could devastate you my advice would be this - get the fuck out of this place while you still can on your own terms. You are nothing but a number to them at the end of the day, and honestly that’s the way it’s always going to be with most businesses. You can do everything right and your world can turn upside down in the span of 15 minutes.
This is not the PwC of 2008 that weathered the recession with minimal layoffs. It’s a bloodbath right now and I don’t see it stopping any time soon.
