Thread regarding Truist Bank layoffs

BCG, McKinsey, Bain

You all should look up the YouTube segment of Last Week Tonight with John Oliver and his ripping apart of McKinsey. He alludes at the end BCG and Bain are probably doing the same unethical stuff. But the part where all these groups do is come in with cutting resources as the answer to everything.

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| 22661 views | | 9 replies (last November 15, 2023) | Reply
Post ID: @OP+1pxTA85c

9 replies (most recent on top)

You kids and your instant gratification. Let the process play out, EOY tech deployments, then once those resources are no longer needed more layoffs in early 1Q2024… then Truist will get a little more attention from the media. If you know anything about cooking, slow and low is the way to go… let this simmer.

Trust me, the dollar figures from the contract documents will provide everyone with a good amount of, “they paid them how much?”

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Post ID: @4icn+1pxTA85c

Lol, sure!

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Post ID: @4phw+1pxTA85c

To the guy above talking about CFOs.....if you think M&T is a greener pasture in any context your are absolutely out to lunch and letting your anger and emotions drive your thinking.

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Post ID: @3mwy+1pxTA85c

“ Do tell.....”

Yeah… retired curmudgeon we need some details. If you’re going to dangle a carrot like that you better feed us.

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Post ID: @2dao+1pxTA85c

Do tell.....

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Post ID: @1jtx+1pxTA85c

I know the numbers of how much we paid BCG, EY, McKinsey, and others…

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Post ID: @1ief+1pxTA85c

Back in 2019 when there was a real CFO at the helm. He saw the writing on the wall and headed for greener pastures.

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Post ID: @1ziw+1pxTA85c

Yes, BCG is just there so EL can point to someone else. For an example of how little value they truly bring, when they were here in 2019 for MOE org design, the CFO refused to actually use them because they only got in the way. In my dealings with them, all they did was manage spreadsheets

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Post ID: @1qec+1pxTA85c

You people realize what McKinsey's role is, right?

Leadership of a company (or a government, or other organization) decides to take some unpopular and controversial actions. They hire McKinsey to write up a "study" that, surprise surprise, recommends those exact unpopular and controversial actions!

McKinsey is just a leadership mouthpiece. They'll say anything. If a CEO wants to pay them money, McKinsey will write a 500 page report explaining that unicorns are real.

But if you are still mad at McKinsey, in a few years eventually Bard or some other AI can write up an entire McKinsey-like study in response to prompting, rendering McKinsey themselves redundant.

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Post ID: @1rqv+1pxTA85c

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