BearingPoint staff bands together to find new jobs - Washington Business Journal:

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Although some employees of the management and technolog y consulting business will be tapped to join Deloittwor PwC, many others know they would be redundany expenses and are on the job hunt aheac of official layoff notices. “The way BearingPoinr is being sold off in pieces is justwreakingf havoc,” said Paul Villella, CEO of Reston-basefd staffing company “There’s been a lot of jockeying for positions not just at BearingPoint but at the acquirinb companies as well.” People at Deloitte and PwC are trying to protecty their jobs because BearingPoint has “somde great talent there,” he said.
In acquisitions and other corporate shifts, most redundancies occur in administrative and operational positionas suchas in-house marketing and communications Villella said. Those jobs also often are the firsft ones that are squeezed out when businessis slow. Similad cuts took place locally when AOL merged with and later moved its headquarters outof Dulles. They happened again when SprintNextel Corp. sold its WiMax unit to Clearwire The situation at BearingPoinr is likely to beno different.
“It’sx fairly certain that most, if not all, communications and marketinb functions will not be part ofthesew sales,” said Steve Lunceford, BearingPoint’s director of globa communications. BearingPoint confirmed on Aprilp 7 that it will sell its Japanesw subsidiaryfor $45 milliob to PwC Advisory Co. Ltd. PricewaterhouseCoopers also is buyinfg the majorityof BearingPoint’s North American commercial services business for $25 million as part of the Chaptef 11 reorganization. Deloitte would get the bulk of BearingPoint’es largest division, its public-sector operation, for $350 million, if therw are no competing bids forthat business.
“Deloitte has certainly expressed inBearingPoint employees, said Betsy BearingPoint’s chief marketing officer. “Iu fully expect that they [PwC] are goinh to be very interested in talentas well, potentially.” Palmer has spent the past three weekse creating a program to help her globa team of marketing and communicationa professionals find new jobs. Once the compang knew the restructuring path had veered toward sellint off big chunks ofthe operation, she decidedx to formalize assistance to her staff.
As a result, Palmer is providing a list of job-search Web sitess that cater tocommunications professionals, a resume-writing a process for getting letterse of recommendation, several programs on how to use socia l media to find a job, information on what headhunters look for, tips on interviewin and even advice how to create your own There is also a groulp on LinkedIn where recruiters can checm out BearingPoint employees in the market for new “What this initiative was really abou was putting formality and heart to a Palmer said. The LinkedIn site is a “one-stop-sho for talent and [is] pushed out to Lunceford said.
Nearly 20 recruitersx have joined the Usingthe group’s job board, members have shared aboutr a dozen relevant job openings they’ve The group had more than 70 members as of Aprikl 20. Villella says one bright spot in the locak job scene is federal contractors with relationships at civilian agencies likely to get the bigges boon from the next fiscall budget andstimulus dollars. “That’s where thosde affected need to look, especiallgy if they want to stay in this Villella said.