likefunnyupliftingsmart
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They’re not wrong. The “AI boom period” is hardly booming, nor sustainable.

Many projects end with little to no deliverable, beyond a PDF report that no-one will read.

Clients are losing interest in asking B4 for help, when they can literally hire a grad and get the same level of experience, from someone who is infinitely cheaper and wants to move quickly on delivery, whereas B4 partners want to maximise hours for more profit.

Seriously, as I’m now in industry, I tell my bosses to just hire someone on a 3 month contract to do what we’d be asking consultants to deliver, and we get more out of that 3 months than just a report or a sales pitch for further work.

likesmart

Strategy consulting will be the hardest. AI is already creating strategy decks and competitive research benchmarks better than most of the generic crap I see consulting firms produce in a fraction of the time and a fraction of the cost.

Consulting firms better adapt because their bread and butter (fat cat teams billing ridiculous hours) is disappearing. It will take far fewer FTE at much lower margins

“Over promise, under deliver”, I mean that’s just what consulting is lol

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Tech is going to be the next to crash and burn. It’s not like these clients have generated revenue to justify the ridiculous AI investments either. There will be broad correction and then consolidation

Though it is amusing to see that one of the biggest hype of recent history is making clients realize that they probably not need snake oil from consulting companies. Remember metaverse, blockchain ? The partners made so much money on that hype, who couldn’t spell tech.

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I’m working with a startup who wanted to move fast, tried AI and realised it has absolutely no value in their business, so they’re scaling their teams up instead.

Investors who initially wanted AI to drive their growth saw this as risky, but can now see how AI isn’t the answer. It may very well be in due course, but right now, companies can see the limitation and just don’t need it holding them back.

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Based

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"We love our partners, but oftentimes they’re learning on our dime”

This has been true of the consulting industry since the dawn of time 🤣, although it feels especially relevant now

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Related Posts

Just a joke, take it as a joke-
.
Recently Better (dot) com's employees were fired from the job.
If you are some HR/Senior management personnel and hiring them.
You should reconsider your decision as they will make your organisation BETTER. :-)

likefunny

hearing there was massive layoffs at concentric today. in the dozens. can someone confirm or refute?

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M/SM and above, why do you label a meeting as “touch point” or ask if you can have a “quick chat” when it’s something serious? Millennials like us always assume we’re about to get fired - I actually have been laid off in a meeting with that title. But at my new job, my boss asked for a “quick chat” to literally ask me to change the title of a meeting and then chat about christmas. Now that I’m in management, I want to understand it better.

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Is it safe to join PWC india at this point of time. Are we expecting any layoffs?

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I was recently laid off and I am actively search for a new role. I am mainly targeting ScrumMaster, Product Analyst, and Business Analyst jobs, but I am open to others.

Must be located in Austin, Texas or fully remote.

EXP
5 Mo- Business Analyst 3
1.5 Y- Venture Capital Associate
1.5 Y- Strategic Planning Analyst

Certifications
ScrumMaster
Specialist Accounting and Finance
Specialist Business Intelligence

Contact
737-707-5156
ajaspercannon@gmail(dot)com
www.linkedin(dot)com/in/jcstrategy

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I recently got an offer from Accenture but I am not sure about the job security as I heard they have laid off many employees. Need your inpur on this please.

TIA 🙏

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It’s Wednesday! How we feeling? Any tea? Heard stealth layoff are happening but not 100% sure if it actually happening.

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Thoughts on Veteran status and the ongoing corporate layoffs?

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How did your agency handle layoffs? All-agency meeting before they started? After they ended? Both?

Kinda sorta trying to predict if I’m losing my job tomorrow.

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Howdy…I need a sanity check! As part of my previous role, I reported security non-compliance and gross security misrepresentations. For my valiant efforts I was laid off (despite being a protected whistleblower) and my reports were buried. Everything I did was in line with my responsibilities. I was extremely concerned that systems housing personal credit data on all US consumers were not adequately protected. I essentially risked my job to protect data and I’m not sure if it mattered.

Laid off, 10 years exp, tired of acct management. Feel so lost. Don't want to go back to agency side. What should I do? I feel like 💩

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With a recession around the corner - two questions:
1) will there be layoffs at Deloitte? My concern is we hired so much ppl this year.
2) will there be more work in org design? Just saw the Robinhood 9% workforce layoff announcement.

likehelpful

How is Lowe's India in terms of Tech Stack, Job Security and WLB.
My joining is next month, should I consider joining it as an SE, considering the current scenario of layoffs and recession in IT market.

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I asked for a raise and instead got laid off. Told that after looking into finances not only can they not afford a raise they cannot afford me. But I know for a fact they are replacing me with an Agency that say they can run our Social Media for 500pcm. Is this normal practice these days?

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I’m quitting my job tomorrow morning. I don’t have a new job lined up. I’m scared, but also excited? I’ve felt under utilized for months, and haven’t had a promotion after two years. I never take risks like this, but life is too short. Is this a bad choice?

likeupliftingsmarthelpful

So why do company merges result in mass layoffs?

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Can you get fired for having low utilization as a senior? My billable hours this busy season have been much lower than my peers.

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I hear Grant Thornton has been doing more layoffs? We need staff (associates, seniors, managers) in forensics / disputes and investigations in SF if anyone is looking to make a move! Message me

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More Posts

Are there any good movies or novels that show skill development - like follow through? Self-management? Money management? I read a lot of self help books so I know a lot of the theory, and books peppered with examples help, but I feel like most 1 paragraph examples don’t five justice to how hard it may be to change a behavior.

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Anyone else who was just hired at Deloitte waiting FOREVER for their approvals? I received a verbal offer two weeks ago and still stuck in approvals for their offer Deloitte (operations transformation)

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Hey Y’all My name is Michelle. I currently reside in Berryton Kansas. I have been self employed in healthcare agency work as well as leadership building operator/LTC/Rehab/ALF/Whole food nutrition marketing/sales. Minimal experience in the IT digital marketing and social media But I can learn, I’m out going No issues with positive conversations or redirecting Long history of increasing census rapidly/stabilizing, conducting building site visits etc….Remote/Relocation considered WHOS HIRING???

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Hi. Has anyone gone through drug test with GSK and know if they test for nicotine? Thank you!

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Hi fishes, Dm me with the job id for referral in Cognizant.

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Hi guys
I am from EY india
I have declared my investments in tax declaration portal , still I see in monthly salary that there is huge tax deduction.
In my previous organization, once I declared my investments in the tax portal , then my salary was very less affected by tax deduction.
But in ey india , I don't see any effect after declaring my investments.
Kindly help me how to declare investments so that there will be less tax deductions from my salary .
#EYINDIA

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I'm an engineer, and I feel like my manager is more of a friend than anything else. We talk about our personal lives, and I feel like it's hard to be completely honest with her when she's so casual with me. I don't want to lose our friendship, but I also need to be able to talk honestly with someone who has the power to help me grow professionally. Is there a way to have both?

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Does having AWS Certification help H1B case?

ZS has got it right 😂

Post Photo
funnylikehelpfuluplifting

So Q1 has been abnormally weak for agencies across the board, right? Is it fair to say Trump is finally starting to effect the economy?

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But seriously, who are these people with titles but no companies?

What's your Sunday routine to get ready for work on Monday?

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I lie to my girlfriend every time we make plans — I always tell her to be ready an hour before I want her to be and she’s still normally running 15-30 minutes late

likefunnysmart

Today I closed on the sale of my condo and celebrated with a bottle of Krug all to myself. Probably one of the most decadent and gluttonous things I’ve ever done, but 11/10 worth it.

Post Photo
likeupliftingfunny

Guy stood me and my friends up (he’s with his friends), then texted us 3 hours later to come to a different bar where he and his friends are, and apologized profusely. Said no. Do I forgive him tomorrow?

likehelpful

How much can I expect in monthly social security checks upon (non-FIRE) retirement ? I think I’m reading $2,500 ish?

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Men are too emotional to be President

Post Photo
likefunnysmarthelpful

Any PPT productivity plug-in recs (solo license)? Used Templafy (loved it) at my last firm, but they apparently only do Corp subscriptions. Looking for a good, affordable one I can get expensed at my new firm that has no plug-in.

likesmart

Larsen & Toubro Infotech I was selected as a senior software developer (5+YOE) in Larsen & Toubro Infotech how much salary I can ask them? My current CTC is 5LPA and I'm expecting salary hike in this month

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Additional Posts in Consulting

Leading with our values my ass. This was a disappointing response, especially compared to ATK

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Any book recommendations for philosophy, psychology, and business? Or any book you read last year changed your values? Going to fly international, gonna read it on flight. 😍

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Late night confession: i call credit card companies to work on my art of the deal skills when talking about retention offers

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I feel there should not be any weekend and we should be working continues .. then all Sunday's and Saturday's should get accumulated and give as month long vacation or something

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D🐠 How green is the kool aid?

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Best consulting firms for the retail and CPG industries?

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Favorite statistical modeling technique to use? ANN, SVM, LR, PCA, etc. And any specific reasons? Industry, ease, interpretability, etc.

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Does MBB have a black tie +1 holiday party in hub cities?

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Are there any good movies or novels that show skill development - like follow through? Self-management? Money management? I read a lot of self help books so I know a lot of the theory, and books peppered with examples help, but I feel like most 1 paragraph examples don’t five justice to how hard it may be to change a behavior.

like

Anyone else who was just hired at Deloitte waiting FOREVER for their approvals? I received a verbal offer two weeks ago and still stuck in approvals for their offer Deloitte (operations transformation)

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RPM 2.0 - how’s compensation/raise ultimately determined, if number ratings are going away?

likeuplifting

Hey Accenture 🐠 - can anyone tell me what to expect during the skills based interview (Consultant, T&O) how does it differ from B4 and any tips?! Thx

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Anyone have CFP Prep books they don’t not need anymore?

likesmart

Notice there are so many people with debate experience in consulting. Kinda impressed. Any highly recommended books related to debate or communication in general?

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Ugh the TSA Pre scanner lady at AUS delta checkpoint is AWFUL. Go through the regular line instead. She is pulling every single laptop bag today... And there's only one guy to check them.

What would you do?

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funnyhelpful

I want to make my money work for me and investing in index funds seems to be a good first step. Anyone have any good books/research websites to recommend for investing in index funds and/or other financial instruments? Would also appreciate advice anyone has for a first time investor who is terrified of losing money to the market.

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Anyone has any good corporate codes for Hilton? Downtown Chicago if you need an area specific?

likehelpful

Going to Maui for 6 days with my lovely sibling. Both like hiking, beach, culture, food and exploring unique area...Any suggestions?

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AML consultants: Anyone have CAMS? If so, do you have any study tips? And do you really have to send a copy of your diploma??

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