lek letting another 5-10% go and trying to disguise it as performance related layoffs. i get consulting is an up or out model but the way lek handles things is ridiculous. many people have been stressed these last few weeks because it’s not all happening at one time, and are finding out their last days by seeing HR calendar private appointments. confirmed by multiple managers that additional score deflation and even retroactive changes happening this cycle as pressure from MD’s.

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The root issue is LEK’s over prioritization of promote throughs across leadership levels, creating a strong degree of groupthink and an evaluation system that deprioritizes upward feedback. So you have people across leadership levels who treat their people poorly, and it’s all they’ve ever known

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stockholm syndrome at its finest :)

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Obviously, they need to cut anyone who asked for more than 30 mins for dinner.

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i’m finally moving on from lek, good luck to you my friend. wishing the best

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CDD business is going to get more and more commoditized in the years to come, thanks to AI. LEK and likes that rely heavily on DDs have 5 years tops.

likesmart

You think? I think CDDs will just get more complex and with wider scope. The dollars exist to pay and payees who win will do the best with the dollars

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If only you guys didn’t demand OBS and sleep/rest time. LEK would be wildly successful and profit sharing would be through the roof. There would be no layoffs!

/sarcasm if LEKers miss it.

likefunny

Spot on

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Bonuses were slashed as well and profit share will be all but non existent

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oh agreed, and my cdc confirmed score deflation

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How do you know it’s 5-10%. 10% is A LOT

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And 95% of the 5-10% are MBA Consultants, most who joined a year ago or less

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When will the cuts be done by?

hopefully next week is the last week

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Slowly let people go with no end in sight... Seems like a great way to keep morale up in a difficult time

right before elections and the holidays too (:

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