Yes, Capgemini has lost business and they have a record number of people on the bench. Layoffs are happening now. Get out while you can.
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Local top management in the countries has wrongly implemented the target operation model re-organization resulting in lowering top line and loosing of market share. Layoff are happening in South Europe aswell, both managers and non-managers level. Need to carefully monitor what will happen on VPs and EVPs levels as picture is still not clear. This is happening both in ABL and GBLs.
didnt get a 5 month bench ride - was cut directly from my project lol . it out of the blue but i will say the writing was on the wall - no marks against me, i was actually promoted during my time.
Layoffs started Feb 1 (ask me how I know) with a cr-ppy package. Senior level consultants were let go... they can't sell new deals. I was on the bench for a nice 5 month vacation... Luckily I got my stock out...
VPs have been given a directive that they need to meet utilization targets. Most cases it will mean selective layoffs starting in a few months. Greatest impact will be at director and a manger ranks.
I believe this happening, because I was getting threats from my manager that I was going to be put on a PIP. She never wrote me up. So I started looking for a new job & when I put in my notice she stopped the threats. Also, there was an office in my city that was a staffing office & I just looked it up & it’s permanently closed