Deloitte, EY, BAH esque contractors…what are your plans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I too work at one of the above and am planning an exit. I've been considering it for a while for other reasons, but my company's extreme willingness to kneel down before this administration has me working a bit harder to leave. I plan to leave contracting entirely and fortunately have skills that transfer.

I am the OP and am also planning to leave contracting. I wonder if we are colleagues…although sounds like you’re at Deloitte based on the admin comments.

What industry are you heading into?

I am (hopefully) going to an internal role at a very large defense contractor - not ideal, but I won’t be an actual contractor. So say currently I am an accountant at Deloitte serving clients, now I’ll be an accountant at Raytheon. Along those lines.

In normal times, I’d be really thrilled for this opportunity. Now am not as sure, but will likely be laid off as a contractor anyways.

Internal roles that aren't direct bill are also in danger. All those salaries are paid for by overheads from directly billable work. If that work goes away, so does $ for all the overhead ppl.

Yes, fully aware of that. Conflicted as to what to do. It is a bummer, though, because under normal circumstances I would’ve been so excited to take this job.

[Anonymous]

I wish the government actually hired people instead of contracting them out. We paid them way more than if they worked within the government

[Anonymous]

Anonymous wrote:

Anonymous wrote:There will be reassigning at first, then performance based layoffs. The main focus at my company is to replace the underperforming folks who focus on commercial clients with ex-fed employees and cross-train. So cut underperforming contractors on federal contracts, cut underperforming employees on the commercial side, and then replace with ex-feds while saving 20% of headcount budget at the same time. It's brutal.

This actually intrigues me. I have historically been a top performer at my company (receiving rankings in the top 5-10% each year) but my contract was cut so my billable hours this year are in the toilet.

I was the PP. It's worth noting that the company I am not is not wholly reliant on the public sector. We aren't a Raytheon; we're more of a Google. We make major $$ from the US gov't, but we are still a Commercial company from a revenue perspective. So there is the ability to shift people around - but it won't be endless. And mind you, there is the general layoffs that continue to happen (like Google announcing more a voluntary severance program in anticipation of another round of layoffs; Meta laying off 3K individuals today).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There will be reassigning at first, then performance based layoffs. The main focus at my company is to replace the underperforming folks who focus on commercial clients with ex-fed employees and cross-train. So cut underperforming contractors on federal contracts, cut underperforming employees on the commercial side, and then replace with ex-feds while saving 20% of headcount budget at the same time. It's brutal.

This actually intrigues me. I have historically been a top performer at my company (receiving rankings in the top 5-10% each year) but my contract was cut so my billable hours this year are in the toilet.

I was the PP. It's worth noting that the company I am not is not wholly reliant on the public sector. We aren't a Raytheon; we're more of a Google. We make major $$ from the US gov't, but we are still a Commercial company from a revenue perspective. So there is the ability to shift people around - but it won't be endless. And mind you, there is the general layoffs that continue to happen (like Google announcing more a voluntary severance program in anticipation of another round of layoffs; Meta laying off 3K individuals today).

Amazon, google and Meta are the worst. They keep hiring and firing the same folks over and over again. Amazon is the worst of these they've been doing that for a long time now.

[Anonymous]

Anonymous wrote:Still on for now but looking for other work not fee related. Might end up back in Mcps.

This is my plan. Sh**. I just left Dec. 20th.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Dc economy will be fine so would be the real estate. Money saved from here would be spent somewhere else.

Yes…in tax cuts for a very specific few…which history has shown doesn’t actually “trickle” down.

Enjoy your denial.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What kind of defense contracts are likely to be hit? Shorter procurement / administrative systems? Long-term aircraft, satellite, or navel ship development?

Very little of the defense industry is actually in the DMV…it’s all over the country in many red states and red areas. Yes, you have Boeing HQ and other HQs.

As an example, there is a PA factory in a deep red area supplying a ton of munitions for the Ukraine. If that plant is closes, it will devastate that area.

Yes, just like when other types of factories close. I don't understand the logic here... we should keep paying for things we don't need because people might lose their jobs. Meanwhile, we keep going into further debt, and the cost of debt service goes up, making the cost of borrowing for everything else more expensive and resulting either in further debt or further tax hikes. Try to think back to your college Econ class.

[Anonymous]

Anonymous wrote:These companies are called Beltway Bandits for a reason!

This. Sorry but I’ve had to endure endless uncertainty in the true private sector giving half my paycheck to the government grift. I’m glad they are cleaning house (and I went door to door for Obama)

[Anonymous]

Anonymous wrote:

Anonymous wrote:Focus on govt agencies that are critical like defense, DHS CBP, CISA, iCE, DOD non research. The rest are probably wasteful spending and will be cut.

What about DOD research?

That's 99% of dod waste. I worked there and it was all scams about innovation, next generation war fighter total garbage , DARPA as well

[Anonymous]

Anonymous wrote:

Anonymous wrote:These companies are called Beltway Bandits for a reason!

This. Sorry but I’ve had to endure endless uncertainty in the true private sector giving half my paycheck to the government grift. I’m glad they are cleaning house (and I went door to door for Obama)

So what exactly do you do in the private sector that is so groundbreaking?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:These companies are called Beltway Bandits for a reason!

This. Sorry but I’ve had to endure endless uncertainty in the true private sector giving half my paycheck to the government grift. I’m glad they are cleaning house (and I went door to door for Obama)

So what exactly do you do in the private sector that is so groundbreaking?

Does it really matter? Our taxes are supporting federal salaries, so if moves need to made to cut dead weight and ensure productivity so be it. Tired of the RTO whining….many of us in private sector have had to go back much earlier then federal employees.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Focus on govt agencies that are critical like defense, DHS CBP, CISA, iCE, DOD non research. The rest are probably wasteful spending and will be cut.

What about DOD research?

That's 99% of dod waste. I worked there and it was all scams about innovation, next generation war fighter total garbage , DARPA as well

Agreed. They call in consultants and contractors to do the day to day technical work for these proposed innovative plans , while the feds get promotions off the backs of their efforts without knowing much at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Focus on govt agencies that are critical like defense, DHS CBP, CISA, iCE, DOD non research. The rest are probably wasteful spending and will be cut.

What about DOD research?

That's 99% of dod waste. I worked there and it was all scams about innovation, next generation war fighter total garbage , DARPA as well

Agreed. They call in consultants and contractors to do the day to day technical work for these proposed innovative plans , while the feds get promotions off the backs of their efforts without knowing much at all.

Why didnt you all get Fed jobs if they are so awesome?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Focus on govt agencies that are critical like defense, DHS CBP, CISA, iCE, DOD non research. The rest are probably wasteful spending and will be cut.

What about DOD research?

That's 99% of dod waste. I worked there and it was all scams about innovation, next generation war fighter total garbage , DARPA as well

Agreed. They call in consultants and contractors to do the day to day technical work for these proposed innovative plans , while the feds get promotions off the backs of their efforts without knowing much at all.

Why didnt you all get Fed jobs if they are so awesome?

lol I decided to jump to another private company for double the compensation. Not including the sign on and refresher RSUs. I still will not ever forget how smug and entitled our Fed clients were for deliverables they never implemented. The executive orders are long overdue.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What kind of defense contracts are likely to be hit? Shorter procurement / administrative systems? Long-term aircraft, satellite, or navel ship development?

Very little of the defense industry is actually in the DMV…it’s all over the country in many red states and red areas. Yes, you have Boeing HQ and other HQs.

As an example, there is a PA factory in a deep red area supplying a ton of munitions for the Ukraine. If that plant is closes, it will devastate that area.

Yes, just like when other types of factories close. I don't understand the logic here... we should keep paying for things we don't need because people might lose their jobs. Meanwhile, we keep going into further debt, and the cost of debt service goes up, making the cost of borrowing for everything else more expensive and resulting either in further debt or further tax hikes. Try to think back to your college Econ class.

Well typically there are efforts to transition people from the lost jobs to new ones and to make that change as least disruptive as possible to a local economy. This is true for the coal miners p, the small farmers, the auto industry….

But also maybe take a political economy class.