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Curious what your firm does if you’re able to share?
Quantis, acquired by BCG?
Worker bees are kept. Management gets the ax
From my experience: no layoffs but folks from the acquired company leave because the culture is toxic and the special skills and services they were bought for is still not understood by the broader firm and therefore their uniqueness gets bent out of shape until unrecognizable…
What is the investment thesis? Acquire clients or expand services? Two different outcomes
Expand services
I’d assume, your firm is small and the reason you were acquired was for your special skills/offerings?
I work for an MBB that acquired a firm a couple years back.
If there was anything that changed, it changed for the better for the employees.
MBB is a people-based business and if you’re good, they’d ideally want to keep you.
This will also follow with some financial & other MBB-perks as you integrate with the MBB.
Yes, based on specialized knowledge in environmental sustainability.
If this is Quantis you’re looking at higher pay and better career progression probably. We don’t acquire firms to fire people - it’s never a cost thesis.
Yes, if it’s McKinsey. And if they acquired then folks are in danger. In 2022, they have overhired by 20% (recruiter executive told me) and they will be tightening the ship.
Agree with M2, not sure where EA1 got their hot take. We do keep people after an acquisition because people are the inventory in consulting. They are what we buy, not a company name… It would be silly to let them go as soon as we get them.