Serious question: What's the reasoning behind all the Deloitte layoffs? End of Fiscal Year, Sells are bad, just curious....

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Since 2009, work came to us and people got promoted stuck around because everyone was busy. Now, we're back to normal times and only the true hustlers can consistently perform / be staffed. Any smart person would trim anyone that's not cut from the consultant cloth and was glorified arms and legs.

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I posted this in one of the other threads. We are actually experiencing growth in MC. We are +20% on prior year and exceeding our target this year. People make a lot of baseless comments about KPMG, but let me tell you... It feels good in the shade 🌴

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Just sayin 🌴🌴🌴

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@KPMG1, how much of those projects did you win because of relationships/creds vs. price? I'm honestly asking bcz I know for a fact we lose to you guys on the business side and pwc/accenture on the tech side for price that we're not willing to cut down to

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Deloitte' headcount adjustment rationale is very simple... Sales are significantly above last year but not as high as expected plus turnover is half of typical/expected. A perfect storm.... And normal course of business

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KPMG always beats us on price. Normally a good sign we shouldn't work for those clients anyway.

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Bain is fucked long term, I think they'll go down with a blaze of glory instead of letting Accenture buy them tho.

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D7 - are they going to make the culture shittier so more people want to leave?

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@D4 on my current engagement we were right at the same price point as Big D

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@kpmg1 cool story bro

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General market softening - it's hitting all of the consulting practices

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@EY1 that's not something I can speak to. I do know we are also exceeding our margins from last year considerably and morale is high. My service line in S&O is expecting a strong year. Like @D2 said, many pundits are predicting a strategy acquisition

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Fucked long term or not, we'll never sell!

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Re: Bain, why is it that Bain is viewed as "fucked long term" and a target for sale? I've definitely heard that before but am curious in hearing not about the rationale for that view. I know they're smaller than McK and BCG (closer in size to BCG) but I assume Bain is still seeing quite a bit of growth? What's the story?

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Out of MBB, McK definitely leading the pack in terms of working down. With that said, I don't know whether it's an integrated vertical or separately operating unit. Lot of risk projects in the FS space, McK is on the pitching side with big4/OW/accenture. I heard BCG is also trying to move in that space. Never heard of Bain even being in the neighborhood

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I think a strategy change is coming.

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@d1 what's the strategy change ?

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Kpmg strategy is very small, and Kpmg as a whole is making a strategic investment in it. It's projects by and large lose money, but it's being funded by other areas of Kpmg. This is not a sustainable model. At some point they are going to have to suck it up and buy ATK.

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Nope. Not in the DNA. My guess is they will get high sales partners refocused on generating sales versus other leadership distractions

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Agreed with what some others said here - BCG has been growing 15-25% globally (as in, every region) YoY, so I don't believe it's an industry decrease.

We have expanded some of our traditional "product offerings" though..

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