BCG London laying off some junior staff, any news from McKinsey and Bain?

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There are not layoffs

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Not layoffs technically. But artificially raised bar so borderline cases who would have been off a warning may be affected. Happened in 2020

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No layoffs - BCG decided against doing layoffs long back. Maybe a higher bar for fast track promos though.

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No layoffs. We’re desperately short at some levels (SAC, Senior Con, Manager onwards) so are still hiring lots to attempt to fix the pyramid. Has led to a weird dynamic where there is a fair bit of beach time for new hires, and absolutely zero for anyone in the crunch positions

Time will tell if our approach works

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It’s up or out - it’s not guaranteed employment for life especially if you’re not a strong performer. London is actually doing way better than most markets so it wouldn’t be a place we’d do layoffs

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Oh wow! Lay offs or CTLs?

Sounds like a “higher bar” leading to more CTLs

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My friend joined Wipro in mid of October 2022 and he got a better opportunity in a product based company. Now he wants to come out of the organisation. What is the probation period in Wipro for experienced employees? And in Wipro's offer letter we couldn't find terms related to Probation.

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