Really hoping this person isn’t actually Bain + IIMC

It seems like the bear market effects are down upon consulting firms now too Got to know from multiple people that were joining top consulting firms that their onboarding is deferred by 6 months (across places like Bain, McK etc) Already enough existing employees aren’t on active cases, and so it seems like they’ve hired more than there is demand for cases, people who have actually been sitting on the bench for months If demand does not return, this could really stack up and lead to a problematic situation

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.

Hi all, I’m currently working at an IB firm and looking for a switch from my current job. I’m planning to apply for an M&A Advisory/Consulting role at Bain and Co. (or MB) or continue in the Investment Banking domain but at a better firm than my current one!

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

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?

Thoughts?

Good morning everyone, Bangalore weather has me almost convinced to not work today 😂 What this post is: a place to hang around and chat just about anything - without having a specific topic to discuss. Think of it like the watercooler at your office. Look forward to hearing from you all :)

Was just reading The Ken’s article they posted today around what went behind Bain’s recent layoffs - made me think a lot. More so because I rejected my offer from Bain in college to go join a startup. Bain is a titan in the consulting world, what made it stumble so hard in India? By now, all of us know Bain let go 15-20% of its workforce, a shocking move that reveals deep problems. What went wrong? 1/ Putting all eggs in one basket: Bain's excessive dependence on Tiger Global (60-70% of PE consulting revenue) proved catastrophic when Tiger faltered. When Tiger faltered, Bain was left scrambling. 2/ Overconfidence led to overhiring: The 2022 hiring spree, nearly doubling B-school intake, reveals a dangerous disconnect between market realities and internal optimism. Now, with less work, those hires became a burden. 3/ Reputation at Risk: Layoffs may solve immediate financial woes, but the long-term damage to Bain's employer brand could prove costly in an industry that thrives on top talent. 4/ Others learn from Bain's mistakes: While Bain stumbled, rival BCG played it safer and is now in a stronger position. 5/ Growth isn't everything: Bain's fall shows that in consulting, steady relationships and smart hiring matter more than just getting bigger. So thankful for not joining consulting post college 🙏🏼

200+ peeps asked to leave over the weekend