Saw the Google layoff rumor thread citing BCG as evidence for pending layoff. My question is are these management consulting companies only contribution to society is advising how to do layoffs? I thought Google have enough smarts and phds to run algos to optimize business better than consultants? Blind tax: 400 and no BCG spotted yet
Management consultants are brought in by senior leaders to be used as scapegoats for any unsavoury decisions they have to make. Very few management consultants add positive value as that would involve a deep understanding of the business. But, no management wants to be seen as the one cutting people - for morale reasons or otherwise, itβs much cheaper to hire some management consultants to come in and guide them to recommend layoffs
Smarts, PhDs, and algos can't run a business. You only hear about the layoffs because they have large impact. No one is going to write headlines about some MBB analysts slide deck detailing a new change management strategy.
If BCG is not working a project at google 365 days a year, I am surprised. They are not just layoff machines. They look at market fit, strategic technologies, acquisitions, reorganizations, etc
This. And apparently this is true. And it was BAIN that did Metas layoff, not BCG. All these dumbasses think BCG = Bain Capital Group. It's a different firm.
bcg and bain both do restructuring. there is no difference saying having bcg vs bain = more or less likelihood. and bain works across offices
It's quite hilarious that someone who makes 400k just discovered management consulting. OP, i am not attacking you, but I felt that the tech industry is really a bubble.
No offence taken, my job is to make or optimize products to bring in revenue, so been focused on top line growth, never had exposure to bottom line strategy
My advice to young folks if any company has consultants running the show β-> run πββοΈ
Dude, knock it off. Worry about your own company. And if they were, they would meet at Mountain View not NYC. Get a grip.
They advice for layoffs at other companies to avoid layoffs in their own company π
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Whatβs the BCG evidence
Apparently they were at a meeting at the NYC office but they also apparently have been working with Google on various things for years.