Anyone from BAIN here ?
How do you determine who to axe ? Can we get some leaks from there ? #meta
Bain will lose quite of its credibility if they do.
Wishful thinking
Balance Sheet of each BU, future market analysis, competitors analysis and individual performance. They give out the cost benefit, HC vs savings and make the CEOs look good and uptick stocks by early rumors, control the narrative to the mainstream with consulting the investors.
This guy lays off
They do it with a bunch of obscure copy and paste PowerPoint slides.
Bain people are probably slaving away 80 hour+ per week and won't have time for Blind. 😄
Hi! Some of us do read blind. Full disclosure that is not the part of the firm I work in. However, I CAN give you the general logic. The goal for cost optimization is to keep the lights on while preserving revenue generation. What does that mean tactically? Few things 1. Shared services are up for grabs - finance, HR, marketing etc 2. Anything high risk could be an area for reduction - r&d / innovation hubs. 3. Anything that is core to rev generation for the central product is usually okay or less impacted. The one exception is sales - if there isn’t market demand they might reduce there and I’d suspect low performers would be on the chopping block To be clear, we absolutely do not tell any company specific people to lay off. It’s more “to keep the lights on here is where you can reduce spend and not break the company.” Hth and good luck!
True. Blaming algorithms and externals are natural defense mechanism of brain for many. Zuck told for several months he is going to cut ineffective BU and employees. Stat teaches us not every decision is perfect but as long as 95% CI maintained, it is acceptable.
In each office, they first picked the worst performing 69 engineers and 420 recruiters / business folks, and then they used a random algorithm to pick the unlucky ones.