Elitist cutthroat consulting firms are next 👉 McKinsey’s layoffs loom as consultants get the dreadful “concerns” ratings 🗣️ Link 🔗 https://www.efinancialcareers.com/news/mckinsey-and-co-layoffs #layoff #severance #consulting #mckinsey
Consulting has always been up or out. ~10% of people being put on concerns is standard practice.
I wonder why Meta hires all those consultants all the time, especially from MBB…
Because Meta need to layoff people and then hire them back
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Consultancies are the worst. They don’t do anything. Literally just pimp out their new heads for $300/hr and pay them $30/hr.
Even the elite ones. The expert consultants are always 23 year olds reading from management consulting books and packaging it as fancy. The consultants make good money. Meanwhile the firm pockets like 800k in billable hours (vs like a 250k salary)