Professional services firms have been laying off employees and cutting pay as the coronavirus pandemic has hit their business pipelines.
Firms have seen clients rein in on spending on consulting and advisory work as economic conditions across industries remain unclear.
The question mark over the economy has also led to less recruiting at these firms, impacting graduates from both undergrad and graduate programs.
Employees are also staying put more than usual because of an uncertain job market, meaning the firms have to take more proactive steps as opposed to relying on people leaving on their own to help manage headcount.
Business Insider has been keeping track of which firms have announced layoffs, pay cuts, and how they’re thinking about recruitment.
Do you have information about layoffs or pay cuts at professional-services