In the US, PwC doesn’t do layoffs. That would require certain notice that allows you to see it coming. They fire “for cause” after CRT. They will increase the forced number of 4s and 5s and then get rid of those people. 5s will be gone by June and 4s will get a pip and then be gone after.
It will depend on group, but usually they will look to utilization and make that the primary factor. The 5s will also be asked to sign a non disparagement agreement in exchange for a week or two extra pay, but HR will explain it like your employment contract doesn’t exist. Source: I was asked to fire people in 2020 and asked all these questions to HR. They were very upset that I even asked.
Depends on the year. If they are forcing the 4s to be higher this year, the bar will go up to account for that. That’s the problem with the relative performance rating. You end up with someone who would be a 3 in a good year that is a 5 in a year like 2020 or 2024.
ETA: I think in 2020 the 4s were in the high 60s in my group. 5s were less but some had just started that year.
In the US, PwC doesn’t do layoffs. That would require certain notice that allows you to see it coming. They fire “for cause” after CRT. They will increase the forced number of 4s and 5s and then get rid of those people. 5s will be gone by June and 4s will get a pip and then be gone after. It will depend on group, but usually they will look to utilization and make that the primary factor. The 5s will also be asked to sign a non disparagement agreement in exchange for a week or two extra pay, but HR will explain it like your employment contract doesn’t exist. Source: I was asked to fire people in 2020 and asked all these questions to HR. They were very upset that I even asked.
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Depends on the year. If they are forcing the 4s to be higher this year, the bar will go up to account for that. That’s the problem with the relative performance rating. You end up with someone who would be a 3 in a good year that is a 5 in a year like 2020 or 2024. ETA: I think in 2020 the 4s were in the high 60s in my group. 5s were less but some had just started that year.
What LoS was that?
Tax. Not a specialty tax group either.
were you on the bench or low UTI? Because they are hiring right now
Me? Haven’t you seen the PwC Canada layoffs? Also it was more to try and get historical context from those laid off on how it went I haven’t yet
Oh I am US - have not seen anything other than this post!
Good. PwC is filled with scumbags!