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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.
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 🌴
Just sayin 🌴🌴🌴
@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
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
KPMG always beats us on price. Normally a good sign we shouldn't work for those clients anyway.
Bain is fucked long term, I think they'll go down with a blaze of glory instead of letting Accenture buy them tho.
D7 - are they going to make the culture shittier so more people want to leave?
@D4 on my current engagement we were right at the same price point as Big D
@kpmg1 cool story bro
General market softening - it's hitting all of the consulting practices
@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
Fucked long term or not, we'll never sell!
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?
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
I think a strategy change is coming.
@d1 what's the strategy change ?
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.
Nope. Not in the DNA. My guess is they will get high sales partners refocused on generating sales versus other leadership distractions
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..