They are pushing lower levels to move into billable slots. Also the new collar people will be taking the place of off shore workers since they can pay them $5 more than local retail jobs in the US and be more cost effective than offshore billing rates. AKA they are losing contracts left and right.
Federal is a disaster, GBS is nothing but overpriced finger pointers and getting pushed out by Wipro, Tata, AWS, Microsoft and the like.
If you are over 45, at 75% or more of band level and don't have your manager brown nosed, get ready.