[HN Gopher] McKinsey Plans to Eliminate About 2000 Jobs in One o...
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       McKinsey Plans to Eliminate About 2000 Jobs in One of Its Biggest
       Rounds of Cuts
        
       Author : pondsider
       Score  : 11 points
       Date   : 2023-02-21 21:57 UTC (1 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | alephnerd wrote:
       | Makes sense.
       | 
       | McK's back office practice has really grown over the past decade
       | with (imo) little to show for it. Their whole QuantumBlack
       | offering is utter bullshit, and they had a couple other back
       | office boondoggles.
       | 
       | Also, doesn't help that companies don't hire Management
       | Consultants as much anymore AND implementation firms like
       | Accenture, WITCH, Deloitte, and EY have climbed up the value
       | chain to offer bundled Management Consulting and Implementation,
       | which McK only really started offering like 5-6 years ago.
       | 
       | On the other hand, f** Partners, having too make do with $700k
       | instead of $1.4m:
       | 
       | "Under a plan dubbed Project Magnolia, the management team is
       | hoping the move will help preserve the compensation pool for its
       | partners, the people said, asking not to be identified discussing
       | non-public information."
        
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       (page generated 2023-02-21 23:02 UTC)