If you were directed here by Google Search while looking for info on the latest Deloitte layoffs, go here for my more recent, August 2008 post.
From the weekend mailbag…
Do the incoming recruits get to use d’street?
Dear Ms. McKenna,
I was just reading about the PwC layoffs, and couldn’t help but wonder if you knew about anything coming down the pike at Deloitte? They are really dragging their feet when it comes to giving out start dates to their new hires, and a few of my friends that work there are mum on the topic. I sent a friend an email asking if she was aware of any internal discussion about layoffs/ downsizing, etc. and she gave me a one line reply that was very out of character for her. And the recruiters are taking pretty long to answer any emails about the topic.
Seem’s fishy. And they just displaced almost a 1,000 kids on visas, if I remember correctly…
There have been an enormous amount of google searches re: Deloitte layoff ( in particular from readers at Deloitte) bringing people to my PwC posts. Add to that, friends here in Chicago have been asking me the same question you are. It doesn’t look good. They did screw the H1-b visa holders, too. That, I believe, is unconscionable.
Dear Ms. McKenna,
[Thanks for your quick response. ] You are one about the only person out there willing and able to cut through the bullshit, smoke and mirrors. Thank you for that.
I would also add the following, in reference to my initial comment: My counselor during my [Deloitte] internship left recently and moved to [another Big 4]. I looked her up and was talking to her today, and she mentioned that all the firms are slimming down, but that she hasn’t heard of offers being rescinded, mostly because internally they are afraid it will give them a “PR black eye.” (Her words.)
Yes, rescinding offers is the worst. Unfortunately, that’s going to result in cutting new 2nd and 3rd years if the partners have not forecasted their staffing requirements well. But, that’s why they call it “leverage.”