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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 rickgrimes
Posted on 4/1/24 at 11:12 am to rickgrimes
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.
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 on 4/1/24 at 11:39 am to member12
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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