McKinsey layoffs 3%
Instead of their usual up and out and counsel out they are cutting…. That’s how bad economy is getting
Did McKinsey hire McKinsey consultants to figure out which orgs to fire from?
did the consultants fire themselves
Makes sense. This both increases revenue while cuts cost, win-win.
Hummm, they are mainly cutting non client-facing roles, so looks like consultants are fine.
No this is after that round
Good to know. Thanks for the context.
I don't understand the existence of McKinsey or such consulting farms. Very little value they add but charge you a hell lot.
You are a kid!
Compared to you, I am really a kid, uncle!
Karma is a b!tch. After helping other companies layoff employees it’s time for themselves.
The consultants are not effected internal folks are like SDEs etc
Only 3?!
Mfers still hiring in EMEA though.
Bunch of arrogant bullshitters. Good
Another one bites the dust...I ditched a bullet. Months ago they reached out for a job, they were hiring massively. I wonder how all these companies managed to ignore the bad signs, and kept on hiring like there was no tomorrow.
Lol don’t try to justify your lack of getting an offer
Economy isn’t bad, probably a realization they can bury others in work while their SLT makes more money
Can’t recall the last time this happened. Savages.
Shit has started to hit the fan