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Wave of layoffs, hunt for expenses and frozen hiring… For consulting firms, the party is over

2024-04-05T04:07:17.919Z

Highlights: Wave of layoffs, hunt for expenses and frozen hiring. For consulting firms, the party is over. Protected by French social law, consultants working in France can be fired. The traditional culture in these firms, of “up or out” (either you are promoted or you leave), applies more than ever. You have 87% left to discover. Do you want to read more? Unlock all items immediately. TEST FOR €0.99 Already subscribed? Log in.


SURVEY - After the crazy growth of the post-Covid years, geopolitical uncertainties and the macroeconomic context are pushing the giants of the sector to be cautious.


I received a warning from my boss after doing my last evaluation, he let me understand that I could be fired within three months ,

sighs Mickaël* to Le

Figaro

. A consultant for two years in Paris in a large Anglo-Saxon consulting firm, this young Edhec graduate recently fell into the category of

low contributors

in his company's ranking, alongside around ten colleagues.

Conditions have become tougher in recent months, and the bad economic situation has led to the return of traditional performance tests and pressure ,

he says.

These methods used to discreetly throw out the door or push them to leave, without scandal, a handful of employees are back at the consulting giants in France. The traditional culture in these firms, of “up or out” (either you are promoted or you leave), applies more than ever. Protected by French social law, consultants working in France can…

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Source: lefigaro

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