McKinsey & Company Layoffs in investment banking are making me very nervous esp now that Goldman Sachs has announced that 8% of its workforce will be laid off.

Can we expect something similar to take place in management consulting?

Talking specifically because I’m nervous about my McKinsey & Company offer getting rescinded though I’m sure it’s consultants who are advising these banking layoffs :/

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The layoff reaper is coming for you

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Not dead - they were just laid off too

Breath easy young analyst. They’re just returning to an annual culling, nothing note worthy

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I’m pretty sure I have seen over 20 of your FB posts…

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🎉

No, with our current level of business not being as bad as expected, I feel confident that no layoffs are coming.

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Goldman regularly axes 5% of the lowest performers. This year they’re doing 8%, not nothing, but also not something to worry a ton about.

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Nothing to worry about at MBB, you're all good.

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Expect it. The health of a consulting firm relies on the health of their clients.

For implementation maybe. Chaos is a ladder. We rely on change: market hot and growing? Clients need help capturing opportunity. Market contracting? Clients need help cutting cost.

We’re not rescinding any offers but expectations are definitely higher than a year ago

Bench mob can’t live forever. Firms gotta sell deals.

Don’t worry, your offer is safe

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