Thread regarding U.S. Bank layoffs

McKinsey Plots 1,000s of Job Cuts

Discussing a 10% workforce reduction in non-client-facing departments.

  • Whatever goes around comes around - "It's the kind of advice the firm might offer one of its clients, and comes after headcount exploded between 2012 (17,000) and today (40,000). " Enough said !!
  • "The advisory model is dying - consultancies would increasingly need to underwrite outcomes rather than bill hours" .. Duh !
    https://www.bloomberg.com/news/articles/2025-12-15/mckinsey-executives-plot-job-cuts-in-slowdown-for-consulting-industry

by
| 1651 views | | 3 replies (last December 15) | Reply
Post ID: @OP+1kchdd9xd

3 replies (most recent on top)

U.S. Bank and it's shareholders are paying a high price for listening to the drivel and overpriced buzzwords flowing from McKinsey, stock price is up because the market is up and all banks are rising in per share price value, but as U.S. Bank has shown, it can't sustain growth and value on its own and the damage done is permanent.

by
| | Reply
Post ID: @an+1kchdd9xd

The world would be better of if McKinsey were to lay off everyone. They add zero value other than fancy spreadsheets and PPT decks.

by
| | Reply
Post ID: @ag+1kchdd9xd

Advisory consulting is ultimately an extractive industry, and the whole industry can end for all I care. The parasite isn't supposed to actually ki-l the host, but that's the end-state of the focus on finding efficiencies in a global market. Of course some offshore resources will be able to half-a-s the work, for short term gains. The problem for McKinsey and others is they'll also be replaced or made redundant as the scam progresses. It's not like McKinsey actually has an IP interest on the formula.

by
| | Reply
Post ID: @a3+1kchdd9xd

Post a reply

: