Consulting

Anyone feel hiring freezes might become a consulting industry wide phenomenon in the months to come?

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I’m in industry now and we are hiring more consultants than ever to tell us how to be competitive in a changing environment. And if things get really bad, we will RIF FTEs and then hire consultants to do the work at a higher rate but lower fixed overhead 🤷🏻‍♀️

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Gotya thanks!

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No. Learned from last recession when we slowed hiring/ promoting and ended up with an out of wack pipeline / pyramid for a while.

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There’s always pressure to over-prune in lean times to keep paying bonuses. BCG is right. You pay for that on the other side of the slowdown.

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Thanks both. Encouraging to hear!

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Any perspectives on historical reactions to downturns? I always thought management consulting is inherently “recession proof”. 🤷‍♂️

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And won’t repeat that...is what you saying right? :)

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