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Impossible, Gartner told me that the consulting industry would grow 11.2x in the next 6.4 years
Let me tell you about the tens of thousands of open cyber security positions.
This says all you need to know.
Reminded me of similar news I read yesterday about HSBC: https://www.reuters.com/markets/europe/hsbc-cuts-staff-bonus...
"HSBC cuts staff bonus pool, lifts CEO Quinn's total pay"
Sure.
Funny though how it sounds like, per their own admission, McKinsey badly mismanaged running their own internal operation and woke up to realize they need mass layoffs. Sort of causes one to question how much one should listen to these so called “experts” on how to manage a business. Mass layoffs generally don’t follow strong management execution.
I’ve been a customer of management consultants on a few occasions. There were times when some of the input helped but mostly that was essentially just hired hands to do rote organizational work like interviewing 100 people and summarizing what they said in a nice PPT deck delivered to my desk. The “experts” were woefully out of touch with reality. They were more following hype cycles than providing any sort of real valuable strategic advice. Most had never actually run a business or done the thing they were offering up advice on, and it showed.
Earlier quoted context omitted.
Let me tell you about the tens of thousands of open cyber security positions.
Ha yes, the famous cyber security experts that dont know what an HTTP request is but will run a nessus scan, charge 10k and tell you you are secure...
McKinsey’s brand has taken a beating these last few years with the company going from scandal to scandal. The NY Times has been doing a whole string of stories on the firm’s questionable business practices and ethics. Funny though how it sounds like, per their own admission, McKinsey badly mismanaged running their own internal operation and woke up to realize they need mass layoffs. Sort of causes one to question how…
Consulting could be even more "boom and bust" than normal companies since consulting budgets might be the first thing to get cut when times get tough.
Honestly I'm now wondering how much of these "startegy/management consultants" jobs could be automated with AI. I mean from my understanding their primary work product is a slide deck.
I'm not saying it's good or bad, but the sooner you realize that the problems consultants are solving are almost certainly not the "technical" problem in front of them, the sooner you understand the industry
Earlier quoted context omitted.
Let me tell you about the tens of thousands of open cyber security positions.
Ha yes, the famous cyber security experts that dont know what an HTTP request is but will run a nessus scan, charge 10k and tell you you are secure...
We chatted, and despite their being clearly disinterested in their work and talking to me (instead going on and on about which bar they were heading to), I learned they were literally doing this. They were running nessus with a default ruleset and turning that in as the flaws. That was it.
I felt incredibly disappointed, sorta kinda angry, and learned a huge lesson that day.
Same thing with university research grants. Results better make the funders happy, or they don't come back to your farm stand.
McKinsey’s brand has taken a beating these last few years with the company going from scandal to scandal. The NY Times has been doing a whole string of stories on the firm’s questionable business practices and ethics. Funny though how it sounds like, per their own admission, McKinsey badly mismanaged running their own internal operation and woke up to realize they need mass layoffs. Sort of causes one to question how…
That said, expanding to take advantage of temporary market opportunities and then contracting when those opportunities isn't bad advice, per se. Probably generates more profits over a more static, restrained path.