61–70 of 113 posts
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…
Earlier quoted context omitted.
Why not hire contractors or contract-to-hire for those bursty work needs? Or spin up a separate company and buy services from them?
> Why not hire contractors or contract-to-hire for those bursty work needs? To start, it's not legal. If the people you are hiring are doing the same work as full time employees, with the same work structure, you're not supposed to hire them as contractors. > Or spin up a separate company and buy services from them? I mean, companies certainly do outsource to third parties for "bursty" needs, but if you think this is…
This is not true at all. Many firms do “staff augmentation” for exactly what the parent described, bursty work for clients on a time and materials basis.
They are quite successful.
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…
Earlier quoted context omitted.
>Most had never actually run a business or done the thing they were offering up advice on, and it showed. "Those who can, do. Those who can't, teach."
I've always found that saying disrespectful because it treats teaching like everyone's second choice. Many that "can" choose to teach. Currently licensed and practicing surgeons are the primary way that medical residents learn how to become effective surgeons. I would never trust somebody incapable of surgery with the education of a surgeon.
Wonder if they hired Bain or BCG to figure out how many to layoff
And when do the announcements come from Bain and BCG as well, as if this isn't due to market conditions, it's due to their specific network being edged out. I'd wonder if it signals a shift in consulting in general, as a big part of their value prop was you became part of the network when you hired them, but for some reason McKinsey is letting on that they are short those relationships. When the smart money with as i…
I feel as though the world would be a better place if we could just eliminate McKinsey.
Earlier quoted context omitted.
> Why not hire contractors or contract-to-hire for those bursty work needs? To start, it's not legal. If the people you are hiring are doing the same work as full time employees, with the same work structure, you're not supposed to hire them as contractors. > Or spin up a separate company and buy services from them? I mean, companies certainly do outsource to third parties for "bursty" needs, but if you think this is…
> If the people you are hiring are doing the same work as full time employees, with the same work structure, you're not supposed to hire them as contractors. This is not true at all. Many firms do “staff augmentation” for exactly what the parent described, bursty work for clients on a time and materials basis.