{ "media_type": "text", "post_content": "How are McKinsey and other MBB firms doing? Any layoff/furlough in any department?", "post_id": "5e93b5fd1816420022187dd5", "reply_count": 79, "vote_count": 23, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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How are McKinsey and other MBB firms doing? Any layoff/furlough in any department?

likehelpfuluplifting
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To be clear though - with strict up or out promotion points every ~2 years and opportunities to force people out at interim reviews, MBB has powerful levers to manage headcount with out resorting to layoffs or furloughs

likesmarthelpful

H 8n e

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Im facing exactly this same situation as the person who post. Is there a way we can dm each other? Which office r u at? Wht did hr tell u? Hr told me that i have the option to leave voluntarily even though performance rd has nt been conducted n no CTL yet.. they somehow told me tht CTL is highly likely.. please share more details of your situation

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Not here

likefunnyupliftingsmart

Nor here

likefunnysmartupliftinghelpful

Nor here

likefunnysmartupliftinghelpful

I like this

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Synthesis: doing well

likefunnyupliftingsmarthelpful

Most concise yet informative post all week.

likefunny

Please keep the number of likes equal among all three posts

likefunny

At 170 likes, equal. This is Gods work!

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I’m glad McKinsey commented first. Would’ve really bothered me if it was in the wrong order lol

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Wasn't that BlackBerry messenger?

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MECE in its purest

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It’s pronounced /‘mesi/

BCG Paris are doing salary reductions, not sure if they are temporary or permanent though...

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Synthesis: EU is falling apart?

I opened up a small company and I’m selling and will be hiring in May

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@MC1 in NY and NJ - financial services with data management background. Someone who is mature, can articulate, challenge and present complex data to client. Core consulting is the key to win the client heart

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I don't think any of the major reputable consulting firms have dones any COVID-19 related layoffs, right?

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Layed off 5+%

Ok so no layoffs. But what about new hires? Especially campus recruiting in Fall 2020? Is it potentially going to be lower than usual?

Campus recruiting will likely be similar to usual - have to maintain those pyramids. But lateral and experienced hire will likely fall off.

Doesn’t mean competition for that same number of spots won’t also be higher though.

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Curious, how many of those who landed at MBB post-UG went to a private high school / prep school?

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When does the 60 day grace period start - after lay off announcement or after last severance paycheck? Thanks

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I’m talking to someone who recently got laid off. We have a unique connection and share a lot of the same values, but because he’s having trouble with his job search, there’s times where he will withdraw or get upset with me for saying certain things. For instance, me calling him gorgeous set him off. He told me it was because he was in a bad mood that day. I’m always a bit anxious about saying the wrong thing to him in this time, and I am unsure if he even is in the right mindset to be (cont)

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MBB really missed the boat on this practice area

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Staff: maps the state deduction to the prior year state tax true-up…for a newly formed entity.

Me trying not to get fired for cussing someone out: “so, what exactly are you truing up here?”

likesmart

More layoffs at PwC. CRT this week and it feels like that scene from Goodfellas: Pesci walks into his "Made Man" ceremony, only to be shot in the back of the head.

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Which mbb has the best wlb in NYC?

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Hi! Asking for someone who’s getting laid off at the end of the year — know it’s not advertising, but anyone have or know of any openings for occupational health and safety or environmental health and safety managers? Super experienced candidate with a wide range of experience. Please comment or DM me if so and I’ll get you in contact! 🙏🏻

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Is there really value in a top MBA on sponsorship if you're already at MBB and looking to stay in consulting for at least the medium term (and potentially long term)? Assume I don't need "a fun break", which seems to be common rationale. On a personal level, the time spent in long distance with my wife + two years of lost income hurts. But if there are long term benefits, I may stomach it.

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I made it, mom and dad! Bet you regret rejecting me now, MBB

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At MBB - Recently verbally accepted an offer for a tech startup. Haven’t officially signed up to date letter yet. Just learned that a colleague who recruited for similar position at that company was offered a LOT more in equity (just a few weeks ago) - but they turned it down. I feel a little f**** over. How would you handle this? I have other good offers on the table I haven’t turned down yet

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