Thread regarding Verizon Communications Inc. layoffs

@fv https://www.upf.edu/web/angel-lozano/innovation/-/asset_publisher/AZaAOTtL3c4Z/content/l-cellular-telephony-just-a-niche-market/maximized

In 1980, McKinsey & Company was commissioned by AT&T (whose Bell Labs had invented cellular telephony) to forecast cell phone penetration in the U.S. by 2000. The consultant's prediction, 900,000 subscribers, turned out to be less than 1% of the actual figure. The industry had 109 Million subscribers by 2000. Based on this legendary mistake, AT&T decided there was not much future to these toys. A decade later, to rejoin the cellular market, AT&T had to acquire McCaw Cellular for $12.6 Billion. By 2011, the number of subscribers worldwide had surpassed 5 Billion and cellular communication had become an unprecedented technological revolution.

@OP McKinsey is really infamous in the cellular industry for telling Ma Bell in the early 80’s that the total addressable market was at most 900,000 subscribers which resulted in Ma Bell voluntarily divesting cellular to the Baby Bells. It turned out that their prized long distance segment declined to almost nothing while cellular grew and became enormously profitable (at least for a while)

Heck of a job McKinsey!

Absolutely not. If anything they want more dysfunction so that they can come in with a clear outside-in perspective. More senior layers mean more potential internal advocates for future projects.

Worldcom's network was managed better and at least management was held accountable. Former CISO blames previous CISO. Prepare 3 red envelopes

McKinsey is a waste of money. Companies usually bring them in so leadership can pass the blame for a failed strategy. We all know what needs to be done without a McKinsey name.

McKinsey is another layer between SD & VP.

Who do you think hires McK? They ain't gonna bite the hand that feeds

We’re on it! We’ve created a new position of Senior Executive VP to oversee the EVPs.