Apna chota hi ho par apna business ho bhale hi paise Kam ho par insab bokachodee se bahot behtar hai. Sala ownership dikhao jabki paise koi aur kamaye, weekend pe bhi kaam Karo, deadline, gali Khao, na bane toh anxiety aur depression alag. Subah ke standup ke pehle alag anxiety sala. Koi help nahi kahi fassjao toh. Koi PM kuch boldiya designer kuch banadiya toh banana hai kaise bhi bhale hi bande ya bandi ka praan chala Jaye na bane usse. 
  
 Apna dhandha karo unicorn 🦄 nahi kuch chota hi sahi par apna ho.  
  
 ~ A froOstated Engineer

Sach bola bhai is bukkachudalu panti se taang aa gaye Hain

Growth Manager

Kya Kiya Jaye bhai batao aap. Ye samasya ka samdhaan kya hai? Mai toh lower middle class se aata hu ab mere andar himmat nahi ye sab lambe time Tak karne ki.

Software Developer

Senior Consultant

Lawyer

Software Engineer

MBB also does what they suggest to others.

McKinsey planning layoffs

McKinsey planning layoffs- Grapevine

McKinsey Layoff

Business Development Manager

Mostly of SMEs

Link : https://www.bloomberg.com/news/articles/2024-04-10/mckinsey-begins-hundreds-of-job-cuts-with-client-demand-muted

McKinsey Layoffs - 360 roles impacted

Corporate Strategist

Current recession giving ‘08 vibes to consulting companies in India:

- Accenture Strategy considering layoffs
- Deloitte (Consulting) considering layoffs 
- Mckinsey - already have done non-consulting layoffs
- MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’)

Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench.

Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s).

Brace for impact!

(all unconfirmed, heard through ‘grapevine’)

Consulting layoffs

Founder

Welcome to Business Roles's Private Community

Rumours that McKinsey year end bonus cut by 50%, can anyone confirm?

Did McKinsey hire McKinsey to figure out how McKinsey should do cost cutting in a negative macro environment?

Strategy & Operations

Welcome to Office Gossip's Private Community

Someone from my connections told that Flipkart have consulted Bain/BCG ( don't remember exactly) and are planning to fire 10% of the workforce

Anyone heard something?

Flipkart Firing?

Analyst

Heard from people I know at Bain that they are laying off.
This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding) 

A friend got impacted. Seems like this could be 10-15% of their consultants. Unprecedented.

Layoffs at Bain India. At least 100+ people will be affected

When I think I should leave my job and start searching, Grapevine pops one of these scary items 😭

Consultant

First MBB reduced bonus. Now EY is laying off US partners. Is something up with consulting in general?

Deals are not happening as it used to. Macros uncertainty is keeping clients on budget tightening. The pre-sales consultants are having hard time to convince the clients

Welcome to Indian Startups's Private Community

Any reviews for Mensa brand. A friend is interviewing for a role there.

Program Manager

John Oliver's video on Mckinsey, any comments ?

Mitigating layoffs 😂

Welcome to Consulting's Private Community

Getting more information on what's happening at my company from Ken vs management 😂

In early June, the smallest of the Big Three cut 15–20% of consulting jobs, as a crisis boiling since 2022 spilled over

Tiger Global’s downturn hits Bain India. One in every five consultants loses job

Ken reports on Bain layoffs

Analyst 

• First you are asked to present a plan for next quarter in a week's time
 • You come up with some random things to present
 • You are  told that the the targets (impact) are too low and given an unrealistic target.
 • You present an unrealistic plan for the revised target.
 • You are asked to get the stuff done in even less time and plan for it.
 • Every month you're asked as to why the initiatives are not giving expected impact.
 • At the end of the quarter you are asked (humiliated) why you're not able to deliver on the plan that you yourself made
 • You are asked to present plans for the next quarter next week
 • the cycle just repeats

Rant : Quarterly planning

Product Manager

Geniuses at Mckinsey. Normies at EY

Product Owner

Is anyone working in MBB Firms ?

https://www.instagram.com/reel/DBL3lmbR8uk/?igsh=dHF6dDgzYW9wcXZ1

Layoffs restructuring 🤡

While actual bonus amount hasn't changed, they've adjusted the % for high performers. 4 raters were previously paid 150% and 5 raters were paid 200%

Not like I had motivation to work hard enough for a 4 anyway but now it's not even worth much lol

Bain adjusts its bonus compensation payout

Growth And Strategy

Global consulting firm McKinsey's offer to hundreds of senior employees in the UK comes in the wake of a sector-wide downturn. 

McKinsey offers staff full pay for 9 months to leave company: Report

McKinsey Layoffs

With the news about McK also offering severance based voluntary attrition, wanted to get a sense of how are things across MBB in India?

The hiring has been over optimised, the batch of 2024 and the summer intern batch, count of new hires should go back to 2019 levels

How is the promotion scene looking like? Are you hearing of headcount rationalization in the India offices? 

Folks were expecting natural attrition will help with HC nos, I don't think it has really played out that way

McKinsey planning layoffs

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