Well …Bain is currently not very popular in tech crowd for guiding Meta in layoff process...

likehelpfulfunny
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It's fine, MBB was never popular among the tech crowd
(big 4 is just... irrelevant)

likefunny

Oh no, I hope their stellar reputation can recover

Also, does Facebook have a good reputation for anybody?

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for tech they do…

likefunny

Source?

I didn’t know we even did anything for Meta. Let alone something this impactful… then again just a new hire, so probably in the dark.

likefunny

Bain is the bane of meta

likesmart

It may not be popular with staff but extremely popular with BoD, exec team, and investors. Layoffs are never easy or simple but they must be done and an outside firm (Bain or some other shop) is needed as an unbiased 3rd party to do something where internal leaders will fail. Don't blame the firm doing the cuts but blame management who put Meta in this state.

Blaming the consultants tasked with a RIF is like a 2 pack/day smoker blaming a surgeon for cutting out a lung to save a life.

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Do we think the extra spotlight is a net-positive or net-negative in terms of valuation for the acquisition of Bain by Accenture? 🤔

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Oh, yeah. This is Accenture’s master plan. Buy Bain, have them do all these tech layoffs to depress tech wages, and then scoop up all the unemployed tech workers and rule the world.

likefunny

Can you explain how a RIF project works from a consultants perspective? Is it all about benchmarking

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I’m in restructuring and for us it’s all about the cash flow savings.

Investors might be happy that costs are being cut but as long as Zuckerberg isn’t being fired nothing will really be fixed.

Great look to hire a consultancy to determine who to layoff lol

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