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re: AI's next victim: Mgmt Consulting - McKinsey offering staff 9 months full pay to leave

Posted on 4/1/24 at 11:12 am to
Posted by member12
Bob's Country Bunker
Member since May 2008
32244 posts
Posted on 4/1/24 at 11:12 am to
Consultants who are in advisory but not implementation...they should expect some turbulence in the near future. There are exceptions (such as M&A), but for the most part consulting is now developing a strategy while also getting your hands dirty to execute that strategy on behalf of a client that doesn't have the internal expertise to handle it themselves or doesn't want to take ownership of something that would have internal headwinds.

EY, McKinsey, Deloitte, and KPMG have all laid off a lot of advisory folks. A big part of that is that they aren't losing as many people to FAANG as before.
This post was edited on 4/1/24 at 11:15 am
Posted by dewster
Chicago
Member since Aug 2006
25655 posts
Posted on 4/1/24 at 11:39 am to
quote:

EY, McKinsey, Deloitte, and KPMG have all laid off a lot of advisory folks. A big part of that is that they aren't losing as many people to FAANG as before.



Those companies offered some of the worst work/life balances before the pandemic. Now there's more emphasis on working form home, so people aren't burning out as much. And people are sticking around longer that normally wouldn't.
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