Why Bain is most preferred for restructuring/layoffs etc? What do they do?

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I’ll try to give a serious answer: I think layoffs are done respectfully, where we try to save on other things (travel, food, support resources) before we fire (expert and general) consulting staff.

Fairly transparent communication (some folks will always disagree here), and freaking amazing benefits even if you get laid off.

What company other than MBB allows you to come in, underperform, then pump a ton of support in you, offer an improvement plan, career support services, 4 months of paid leave including healthcare…

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Whoops lol

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Lay off people

likefunny

They’re the Bain of workers existence

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AlixPartners and A&M are the top brands in Rx and turnarounds, not Bain.

McKinsey tried to muscle their way into the market with RTS and then MT and largely failed.

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C1, you are completely right. D1 is a try-hard. We don’t claim him.

Isn’t RX the bread and butter of AlixPartners (historically at least)?

Or are we only referring to the MBB world here?

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Across industry!

Lol. Can’t even tell the truth anymore

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Dude had the same thing happen this week. So annoying.

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Bain is not most preferred or even any level of preferred for restructuring works. We had a handful of high profile tech clients who we helped with layoffs, but this isn't even close to our bread and butter or core expertise. Would look to A&M for real experts

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I thought FTI did a good amount too.

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Bc companies want a decorated frat bro to tell them they are going to experience an involuntary career event

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Layoffs do not equal restructuring. Restructuring is specialized work that most major firms, including Bain, do not do. McK used to, but they closed last year.
Layoffs are commonly just regular cost cutting work.

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Bain is the new pain!

They did that for Citi even though CEO is a Mck alum.

They're not. Alix, RB (in Europe), and A&M are far better. RB is also actively pushing into the US market too.

I assume Roland Berger

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