from what I've heard there have been a couple of waves aimed at thinning out only the senior ranks (there has been a structural issue for years of a logjam at C4/C5 level of people who are frankly never going to make VP and effectively just keep themselves billable without contributing further). I'm not a fan of CG's consulting arm as a whole, but the grad scheme is the one part that does shine, so there is a plausible short term career model that says do 2-3 years there to get the best out of the firm then move on to a Deloitte, ACN etc