https://www.youtube.com/watch?v=AiOUojVd6xQ
This gives me confidence about our layoffs if led by a consulting firm :)
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BCG probably cost a nice chunk of change.. but honestly a lot of teams at schwab are real bad at throwing money around.. theres the whole MyHR redesign that isnt easier to navigate or use (and apparently a new program for career building?) not to mention how many guest speakers get paid to come and talk about nothing important for an hour or two...
i see it on a lot on my partner teams, where they go spend money for an outside firm to do something for them when it could have easily been done in house. mainly because they arent good at their jobs and are glorified meeting organizers.
it was a huge recipe for disaster..people who dont really know what they are doing, getting moved into higher positions because of their tenure (not their skill) and spending money on stuff anyone with the skill could have done themselves...dropping money on an outside firm (for probably months) to do the heavy lifting for the layoffs is just par for the course
No need to look wonder how much money they spent. Although they probably pi---d a bunch away. I’m pretty sure Peter Crawford and Rick Wurster are McKinsey alums themselves…just like Jeff Skilling.
everyone is mad at leadership... lets take a deeper look, no? how about these firms who market and sell their services at our expense...
There’s only one question.
How much has the company spent on all these consultants?
It’s never reverse pyramid the way EC wants you to think. After all, if it is truly reverse pyramid then half of EC would be gone. Instead, it will be a bell curve. People in the middle gets hit the most and the executives/client facing grunts are not impacted hard. The former will reap the financial benefits, and the latter are paid so little that it makes no sense to cut them.
That's my worry. They hire these consulting agencies who don't care about top performers and people with critical roles. They are just worried about money and how to make the top richer at the expense of the bottom. Reverse pyramid layoffs my a-s. That's the worst part about corporate speak, they think we're mo--ns.
It’s just Business.
Holy $H!T that video was funny. And sadly, scary accurate.
It washes all responsibility off leadership, makes it impartial…
Aka makes sure it’s purely cost cutting measures and from a legal standpoint can’t come back to bite them in the a$$… they’re gonna come in, see who the redundant people are AND who is expensive compared to their peers.
Thanks for sharing. Sadly, this just re-enforces how sc-mmy our EC is and how they don't truly care about any of us. Let the corporate bootlickers justify why hiring a consulting company like BCG was the right move.