I heard someone says BCG is involved in the decision to "reorganize" and layoff. My reaction is - oh.. that explains it.
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McKinsey….ugh….there was a nice segment on Showtime\HBO (can’t remember) over them. Yes, they all have ivory college degrees and very little experience. Masters knowing just enough jargon, to sound convincing but vague enough to let you fill in the gaps ON YOUR OWN. The segment listed project after project that was worse off after McKinsey consulting. The catch it this….they charge so much that anyone hiring them are too embarrassed to say it was a mistake after the fact. Who wants to say “Yes I’m a bigwig manager and opted to hire McK for 5-10 million and we are either the same or worse than where we were”. Instead what you often get is “Oh, it was good. We took bits and pieces of what they offered that are still in use today”. Everybody remember the “Lean Model”.
In an interview CNBC confirmed BCG involvement in the reorg. Most likely they will rake in millions of $$$ in this deal.
Ahh McKinsey, the Ronald McDonalds of consulting. Bunch of MBA’s with no work experience . Just comparisons.
BCG only knows the obvious ( goes for McK as well) Cut employees. They have no idea how work gets done, where the work goes, and the impacts to customers. They just say , you need x million in savings… take a X% cut in resources and expenses. Please pay the cashier on the way out.
The Laidoff employees are going to join BCG. A new way of revenge.
It was in the news that BCG is helping Citi to define new operating model
BCG/Bain/McKinsey are useless - but then again, Jane is too - proud alumni :D