How do you emotionally cope when your project outcome involves FTE reduction?

like
Posting as :
works at
You are currently posting as works at

1. Sometimes it's part of the job. It definitely deserves your full attention and highest quality/care. 2. Client is going to do it with you or without you. Hopefully your involvement means the reductions are more surgical. 3. Often, we recognize the need before they do. That creates more options to organize for effectiveness and growth... Rather than panicked plant closings later. Tl;dr - market forces are what they. Hopefully we help clients react more quickly and less rashly.

like

Unfortunately, you have to emotionally separate. You have to see it as 1) losing a few can save many, 2) you are not the one doing the reduction, and 3) you have to focus on the job at hand, which is what you were hired to do, since you need to keep yourself employed.

like

You're redeploying unproductive or under-productive capital from one part of the business (e.g. Backoffice) hopefully to profit centers like new business lines. It still sucks but try to think of the new opportunities/jobs that will be created directly or indirectly from the work you're doing. Or of the clients leadership is a bunch of lazy assholes they may just take the run rate savings and up their dividend. But don't think about that option.

like

@A1 - Not sure how increasing shareholder returns equates to being an asshole. Executives have a fiduciary responsibility to do just that. Grandma's pension money is tied up in that stock or in mutual funds that hold it. In fact, that's why executives are incentivized with stock options.

like

If*

It doesn't BCG 1. It's just a lazy way of doing it and I would prefer a company I'm investing in to be reinvesting in themselves and potential driving much larger returns for investors in the form of appreciation rather than a one time payout of an extra $0.10 per share in this years dividend. In other words it's not the objective but the means of execution that I disagree with.

Sometimes the objectively right strategy is to milk the business for cash. Too many companies have a grow or die mentality when the responsible move (albeit not sexy) is to sit back and print money until the inevitable happens... or to break up. "Be number one or number two in every market, and fix, sell, or close to get there" is the only-mildly-hyperbolic mantra from Jack Welch. He wasn't wrong.

Labor arbitrage is part of what we do,

If you can't objectively advise on proper sizing you're in the wrong practice

You do not in this country have a right to a job, only to pursue happiness and not be denied or life or liberty without due process

Related Posts

Interviewing at a couple of mega funds at the Sr. associate level and at GSAM/JPMAM at the VP level for product/client facing/distribution roles. Does anyone have any data points for what I should target comp look like? At a buy-side shop rn that notoriously underpays and don’t want to sell myself short . Tia

like
like

I have worked with Forbes top companies, for-profits, non-profits, & startups. I consider myself a solver of complex & complicated problems requiring mixed method research & novel solutions. This has led to issues in self-referencing title. I’ve been project manager, data engineer, developer, modeler, analysts, principle DB developer, etc. Most of my w2 work has been from offers of 1099 clients so I am usually asked to define my own title. Any T-shaped data people who run into this?

like

Hi friends! Can anyone recommend me for SFDC Senior Project Manager position?

like

Larsen & Toubro Infotech If I get a Citi Bank project in LTI will I get manyata tech park as a work location ? Larsen & Toubro Infotech

like

I have a good belief to believe I, and others of my kind are being systemically discriminated against at work. There was a particular incident recently that affected me. I am the in house employment counsel for the company - and now feel like I am in a weird position. Can I file an EEO complaint against my client, or do they just get to do whatever they want to me? Obviously outside counsel would need to be hired, and a wall put up. Looking for info thanks.

like

How to get project in Xorient?

like

What happens if I decide to take a full scope or be willing but after I join the company or project I get cold feet and decide not to? Do I just get let go or have dire consequences? I am being pushed by recruiter to get a FS but I am not sure. The backlog is huge though so maybe I throw the dice and learn a lot then leave before I need to if at that point I am not 100% in it?

Thanks

like

Requirement for an ETL tester , urgently in Accenture in banking project
Experience 5+
Please ping me if you are available to join urgently

like

Currently a C at Deloitte (3.5 years since graduated UG) in my promotion year to SC. Being reached out to for project manager role at slalom. Would this be a good step up? Or stay put?

like

Vibe check - do you also feel often times that you are a wizard who pulls a rabbit out of his hat on each project, with unrealistic timelines, no data, understaffing and lack of clear requirements?

like

Travelling to SFO for next 6 months. Client in San Jose. What nature places can I explore after work? I can leave early and have a car. Anyone else in the Sam's boat?

Hi folks, what rank/ grade shall I expect for a 11+ exp. My interview is scheduled for next week.

I am already having an offer of 36 Lakh fixed from wells fargo.

I am a generalist/project manager.

like

Anyone successfully pivoted from audit to project management? Help pls

like

I am joining Accenture strategy next month in banking practice. I would like to know if we get tagged to a particular project/account before joining and do we expect client interviews or we get visibility of work only after joining.

Also does anybody know about any particular teams or projects which one should or should not consider joining due to any reason or any lobbying needed for same

like

How is the KPMG client in wipro? Anyone working for KPMG in Wipro? TIA Wipro KPMG

like

I’m a director/DP who has started my own small commercial production company. I’ve mainly been doing direct to client work (while also working as a hired gun for other production companies). I’m non-union currently and the budgets my company has handled go up to $250k. Based out of Los Angeles.

I’m looking to get more work for my company. Wondering if any reps here would like to chat? Thanks!

like
like

More Posts

Hi fishers!
Can someone throw light on How to study Sailpoint(IDM tool) its very difficult as there are very less videos available on the same.

like

I'm working as a servicenow qa ...I would like to learn servicenow development...please someone guide me on this..And any helpful resources to learn development.

like

How come we haven’t unionized our jobs? I don’t think 100% of it can be outsourced to India, Mauritius, etc. and given the number of hours we’re required to put in, I don’t believe we have very good working conditions. Just curious in thoughts.

like

Desperately trying to get out of agency life and go in-house. Any advice from those who’ve made the jump?

like

Hi guys, I have a interview in PwC India for Tech Consulting role. Director have asked me to present 2 slides PPT on topic relevant to Consulting.
Please suggest which topic should I choose to present.

like

When the CEO of the startup says he wants to hire you and that you’ll be part of the founding team (which he considers the first 10 employees) is there a minimum equity you should expect?
* assuming you are not coming in as a VP, but someone very valuable for the growth of the company.

like

Anyone willing to chat with a polite young man who’s looking to go into IB?

like

Hi I have two offers, help me to decide which to join

Birlasoft: Azure IoT Developer 10LPA

Nineleaps : Data Engineer 8 LPA

Can someone let me know about WLB of those companies as well?

like

What’s a good salary range for senior-level pre-sales leadership position for pre-ipo start ups? The title is senior manager but directly reports to the head of sales for that vertical. I assume it’s similar to director positions.

like

Anyone go through background screening with HireRight? I submitted my background check on Monday, and they literally couldn’t verify 2 of my employers , the first employer being my current one! Wtf is going on? I had to get my w2’s and patchchecks to validate, but I am hoping that my background check doesn’t take longer than a week…curious if anyone has gone through HireRight before

like

How do you get over casing nerves? Have a phone case coming up soon and feeling nervous.

like

Hi folks how much to expect at 10 years exp in cyber security

26 lpa is fine or less ?

like

Anyone ever been blacklisted by a firm but can’t prove it? I found out an ex girlfriends best friend is high up at a National firm in tax and I swear, each time I talk to them the tax recruiters are extremely interested and then I get ghosted. I finally realized today that she’s there

like

Does anyone have home office chair recommendations? Not sure what criteria I should be thinking about but I work long hours and prefer arm rests

like

Hey awesome mamas! What are your plans for when you have to go back to work but your kids are staying home either doing distance-learning or the hybrid model? My three are all in middle school and high school doing the hybrid and are home by themselves Monday -Wednesday. Even though they’re old enough to be home by themselves I still don’t quite trust that they’re on task- especially my 6th grader. Also worried about having to help them with a lot of homework after I get home from work. Ideas?

like

Hi fishes,

I cleared IBM interview, even they discussed salary expectations with me. A day later HR also told she has sent for approval and i filled all forms whatever she shared..It's almost a week and still i ddnt get offer letter.. Any idea when i will be getting or will I surely get?

They said they will release offer within 7days

like

What is average appraisal of fresher after one year in nagarro?

like

The first action could be to make a high school resume and your LinkedIn profile.
Start early and maximize your visibility.

like

Who are the top 5 strategy firms in today’s market? Go!

4 Years Yesterday!

One day at a time.

Post Photo
likeuplifting

Additional Posts in Consulting

Book recommendations for new executives?

like

How is utilization at PwC calculated? Have been told if I'm hitting my full capacity per week, it hurts utilization to charge internal codes like excess travel, g&a for other work, and training hours

like

I miss the corporate welfare of all my free mealz

Post Photo
likefunnysmartuplifting

Is it true that Mckisney is the new KPMG of the consulting world?

funnylike

What is your current salary and net worth? Interested to see if theres a significant relationship.

like

Anyone ever wanna throw in the towel, buy a ranch and dissapear? Feeling like that right now...

like

What are the key differences between renting a condo apartment vs. renting an apartment managed by leasing units in NYC.

like

Not a professional post but has anyone else who is into EDM strangely fallen in love with the chainsmokers? They are coming out with some good stuff lately

like

Where are all the amazing exits after 2-3 years? (Post-MBA)

like

What safety nets are in place to prevent economic collapse in the event we experience a natural disaster that wiped governmental servers that stored things like property records, medical records, arrest data and other important info? Would we all defer back to paper? What if I misplaced my deed? Is someone gonna march me out of my house because someone else claimed ownership?

like

Seat belt extender requested by the passenger sitting next to me! #ffs

like

Went on three dates in last three weeks. Two of them backed out when they came to know that I travel everyweek. The one left was unhappy this morning when I got up at 4 to catch my flight. FML !

like

Any non-boutique consulting firms hiring in Miami or Tampa for strategic transformation or diligence competencies? I have 2 YOE in strategy / ops / innovation primarily financial services, both retail and commercial. I am industry agnostic though.

like

Just started at Deloitte. Working 12 hour days and weekends too. Does it get better?

funnylike

What should partners stop doing?

like

"Don't cry because it's over, smile because it happened."

likeuplifting

Why is engagement anniversary a thing, we are already married dammit

like

Consultants - have you found it difficult to maintain existing friendships? Or make new ones because of the hours worked? How do you deal with this?

like

Luxury babes! Drop some links to the most luxurious, softest, finest sheets you’ve ever slept on. I’m in desperate need of something amazing but the algorithm keeps giving me cheap cotton. I don’t want silk or satin, but something that feels like like that. And water resistant is important too.

likefunny

Single parent here, have teenage kids(14 and 17) at home. Any experience with live in Au Pair or Nanny, any pointers on finding good ones

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal