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What did you expect? It was a meeting to discuss the reason behind the layoffs. Hardly the most inspiring topic. Rory provided a clear rationale for the layoffs and laid out good reasons why current staffing levels are in line with market demand. The pipeline is uncertain owing to economic and market conditions. This means that obviously nobody is in a position to make confident statements about the trajectory of our projects and related staffing requirements in H2. Clients still like our work as reflected in our pricing power.
Conversation Starter
I’d blame the US MCs - not cutting underperforming/non-selling Directors and partners. And also bad business planning.
Easy to blame the company performance on “external factors”. I’d call it poorly covering up their own underperformance
You could easily argue that consulting staff did not get the chance to perform because of the government.. hence not their fault.
Rising Star
I don’t know about inspiration but I don’t think there was anything more, grounded in facts, that could be offered. Sounds like they had been too optimistic, semi on purpose, back in March, but have come to terms somewhat and were more moderate/conservative this round. I think that is somewhat comforting.
Details please
Agreed