I heard HC10 is code name for layoffs. I get HC is headcount but what is 10? Pip 10%?
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Those are the countries we have assets in. It makes sense we have people there to support them. Invest money where the assets are. Cmon daddy Darren, I thought you knew that.
Going low cost has a hidden price.
Like choosing the Kia instead of the Toyota. That decision will be regretted in the future. All will be ok for first few years but 10 years, 15 years, 20 years down the road and huge regrets.
Typical EM Executive mindset is to make decision to go low cost and receive a bonus. Later on, after disaster related to low cost, make decision to go back HC10 and receive another bonus.
Same as decision for hiring binge 2018-19 got Execs bonuses the decision for layoff 2020 got same Execs bonuses.
Remember: all McKinsey does is serve as a scapegoat for management's bad decisions.
Thanks McKinsey, yah fu--s
US, CAN, France, UK, Germany, Australia, Netherlands, Singapore, Belgium, Italy?
Summary - North America, Western Europe, Singapore + Australia
Goal is to shift from these high cost locations to low cost locations. After low cost locations mature and SWB demand increases, goal is to shift to MSP (managed service providers - outsourced). All that glitters… are cost savings. Because we know that every workerbee headcount generates no value and is only a cost + liability.
10 highest cost countries…you can figure out which ones…
Top 10 most expensive countries I believe