McKinsey's business and ranks swelled in 22 and 23 as Fortune 50 companies hired them to design and execute mass layoffs. Now that McKinsey seems to be laying off, could it mean that the layoff business is getting weaker and, hence, demand for the "Salt Bae" consultants is falling? https://www.bloomberg.com/news/articles/2024-02-08/mckinsey-puts-about-3-000-staffers-on-review-as-economies-slow?srnd=premium
False equivalency, unfortunately. Consultants are also hired to manage growth and expansion.
No one would hire consultants for growing a VC-backed tech company
Well you will be surprised but Google does and so does Facebook.source: I know folks in that team.
😂
Who needs McKinsey to come up with a layoff plan? Just hire ex-Amazon managers!
Hahaha
Layoffs are not the main function of McKinsey so no
They overhired in 2020 to handle bankruptcies and mergers/acquisitions that never happened. Not yet. They just made another mistake.
no, it probably means that non tech companies are now more cautious with spending too, and cutting off consultants
“hired them to design and execute mass layoffs.” So McKinsey only consults on layoffs these days?
Apocalypse Now End of Days Game Over 🍄☁️
Layoffs currently are a two fold problem. Not only they impact real people but add more to the problem of job shortage check with him