The Firm Spy has championed the cause of Deloitte for months now. It was our understanding that whereas the partners at KPMG, PwC and Ernst & Young readily put personal profit ahead of the hopes and dreams of now-redundant workers, Deloitte partners were different.
This opinion has, however, taken a battering with the revelations contained in the comments sent to the Firm Spy from a Deloitte spy yesterday:
…it is not fair that the accounting community is unaware that Deloitte has reduced its workforce considerably in recent months. Your site has reported the redundancies at the other major accounting firms, though you have not yet mentioned the happenings here. A broad recruitment freeze is in place and the partners, more than at any time in my five years here, are ‘managing’ people out of the firm. Performance reviews are still continuing and it is expected many more will consequently lose their jobs…
With a new lease to pay and a GFC upon it, should Deloitte simply follow its competitors and announce major redundancies?
Is it wrong to go on a silent sacking-spree?
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I currently work at Deloitte and I can say that there are significant numbers of people being ‘performance managed’ out of the firm. This process has been going on for a number of months and is their way of reducing headcount without having official redundancies.
I don’t believe this is wrong. Now more than ever you need to Perform or go. I would rather have it known that if you underperform you risk being managed out than random redundancies without meaning…This is part of a performance culture my friends.
Well at least at Macquarie I was managed out and made redundant at the same time. To Someone Who Cares I performed well above any one of my peer but of course they needed to bring in the 2009 grads as they knew more