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Layoffs at Walmart corporate 😬😬
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Start typing up "notes" from the Strategy$ replacement meeting at fictional client...
All - suggest bullet points under the following topics:
- Client Concerns
- Evidence
- Confidential Balanced Scorecard
- Proposed Solution
Got it. Follow A1's advice and keep us updated!
Client concerns- no tangible results, funky smell, director picks his left ear constantly throughout a meeting, hate the black and white color scheme, too aggressive
Evidence- promised $1.7m savings, currently at -$600k... funky smell- cfo issued a companywide memo to keep febreeze in all conference room at all times after the first meeting with director, ear picking- multiple witnesses
Billing retention - client proposes withholding last 2$m of fees and enacting clawback clauses in contract, potential litigation if continued involvement of lead Partner, direct billing for all fumigation services from independent contractor.
Proposed Solution - Vendor team to be given notice on 11/21. 24h to turn around. EY asked to stand up take over team to begin immediately after thanksgiving.
Evidence - reduced productivity over last two periods, additional client costs incurred through inferior vendor resources, leadership attention accounts for <5% of onsite hours but >25% of billings.
Nice! Hate those guys... always nosing in
Additional Client Concerns - responsible partner not returning calls. Client CEO increasingly frustrated and prepared to make market statement either Friday or Monday. Conscious of likely adverse impact to vendor - client believes little choice.
😳😂 well - it was enjoyable OP! Just about to land myself - home tonight and need to go find some food for the refrigerator!
Not me, I'm on DCA flight. But following because it's funny 😀
He has his business card as a tag on his laptop bag.
A1 you are brilliant!!! 💜
I forgot...
- Client proposed billing retention schedule
Keep it going everyone!!! OP needs our collective support here!
I'm waiting for him to talk to me. Come strategy&, I know you see this!!!
Oooo..... up the ante - "Risk of DoJ investigation if CEO goes public - potentially unavoidable in any event."
We just need some Strategy& FB Family members to keep tabs and report back any sudden inner turmoil. Need a note that defines the industry segment .... any Strat& people have a suggestion?
Good evening to you all. Another leg for me...