McKinsey putting 3000 staffers on pip
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Anonymous
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https://www.bloomberg.com/news/articles/2024-02-08/mckinsey-puts-about-3-000-staffers-on-review-as-economies-slow
Mck overhired so now putting 3000 staff on path to being counseled out |
Anonymous
| Why not just do a layoff? |
Anonymous
It’s bad for the brand They did do some layoffs but mbb doesn’t like to straight up layoff peeps |
Anonymous
| Seems like companies are laying people off yet using a different term to describe the layoffs. |
Anonymous
| Did McKinsey put J1 J2 J3 guy in charge? |
Anonymous
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Word is many em’s at mck are only on 40% utilization right now
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Anonymous
| PIPs suck. Just lay them off. Stop making employees jump through hoops only to be let go. Waste of time. |
Anonymous
It makes McKinsey look incompetent if they actually fire en masse. I went to a job market talk last week and there was an h.r. person who works for a McKinsey competitor. She's basically an internal career counselor and outplacement counselor. Gotta keep the pipeline moving! |
Anonymous
| Amazon is doing the same thing. |
Anonymous
Bad press and severance. |
Anonymous
It's better to announce you have 3,000 poor performers attending client needs? |
Anonymous
They aren’t being staffed on engagements right now |
Anonymous
Most are probably fine and targeted for salary or just politics. |
Anonymous
Doesn't it make them look incompetent for having hired 3k employees who apparently do not meet their performance standards? In any case, the honest thing to do would be to just have a mass layoff. |
Anonymous
They will be paying severance when they let them go anyways. Amazon does that too. |