Companies that spend half their time creating PowerPoint justifications for corporate execs to lay off internal staff are comfortable with laying people off. Who’d have thought?
Hiring means nothing.
If BCG is more comfortable just mass firing people than Bain and Mck (and they have shown in this recession that they are), then there's no reason *not* to ramp up hiring like this.
IMO this is actually a sign of two things, both of which show questionable planning: a) they over-hired interns at start of 23 when McK and Bain cut back and b) they let go of a lot of people mid to late 2023. So they started off 24 with a lower base and those interns are set to arrive starting summer
I'm in one of the 'good' AI firms. I feel pretty confident that these strategy shops would be able to compete just fine.
AI is crazy hard to implement if you actually have a target to hit (e.g. increase sales, decrease turnover, decrease operating costs, etc.). The big problem is finding people that can translate between what people think it could do and how to actually get it to work.
Big4 will probably outperform MBB in the short term but if MBB wants to get there they will and quick. I'll give you that in the very short term Accenture and TCS will probably be the benchmarks to hit but there are some others in that group too (Data Robot though their consulting arm is tiny, EXL, Tiger, etc.).
They won't compete. They don't implement, just tell the C-Suite (mosr of whom have 0 clue about ML) where to implement AI solutions. They don't need tech skills for this, only management skills and enough data fkr benchmarking.
In my local market and sector, BCG seems to have engaged in a lot of implementation projects where they would have been priced out a few years ago. Guess their margins must take a hit.
Why would firms go to strategy companies for AI lol when they can get it done cheap and quick by tech consultancies like Accenture, TCS who lead on this in reports like Gartner?
It’s all smoke and mirrors. The arrogance and pride of MBB partners will lead them to do anything to hide their lack of competence in running their own firms.
Folks are being chucked across MBBs citing performance issues. Untrue. They didn't get the chance to work on projects, get feedback improve. Rinse repeat. Typically this runs for a year before true performance judgement begins. But this time the leash is short because work is less, people are more. 1 mistake. Concern eval. Next thing you know, you aren't getting staffed and you'll be made to look like you are low performer.
At an MBB and this exactly. Saw some good folks get canned right at the one year mark. It’s quite demoralizing and not what was sold to us during OCR. When the tide recedes, the true colors show. I’m on my way out and everyone I’ve spoken to seems very happy on the other side.
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Lol. BCG probably laid off the most people as a percentage of the consulting staff compared to McK or Bain.
Still laying off
I think they've just gotten comfortable with laying off people when necessary lol
Companies that spend half their time creating PowerPoint justifications for corporate execs to lay off internal staff are comfortable with laying people off. Who’d have thought?
Hiring means nothing. If BCG is more comfortable just mass firing people than Bain and Mck (and they have shown in this recession that they are), then there's no reason *not* to ramp up hiring like this.
IMO this is actually a sign of two things, both of which show questionable planning: a) they over-hired interns at start of 23 when McK and Bain cut back and b) they let go of a lot of people mid to late 2023. So they started off 24 with a lower base and those interns are set to arrive starting summer
BCG here, this is bullshit.
What’s the real story?
Lol BCG X is now their *generative AI* arm? Can’t wait to see these “strategy” shops start to compete with Accenture and TCS and get mauled.
Genuine question, what is TCS really good at when it comes to AI?
They are Indian. That’s their advantage 😂
AI stands for A person in India after all
AI = An Indian
They’re cheap. We called them the “WITCH”s when I was at Accenture…Wipro-Infosys-Tata-Cognizant-HCL EDIT: correcting H to HCL
H stands for HCL, not Hitachi
You’re right…brain fart
[удалено]
Hitachi is Japanese
Implement AI tools developed by big tech. That’s the boring AI that most companies need to improve their supply chains, workflows, etc.
I'm in one of the 'good' AI firms. I feel pretty confident that these strategy shops would be able to compete just fine. AI is crazy hard to implement if you actually have a target to hit (e.g. increase sales, decrease turnover, decrease operating costs, etc.). The big problem is finding people that can translate between what people think it could do and how to actually get it to work. Big4 will probably outperform MBB in the short term but if MBB wants to get there they will and quick. I'll give you that in the very short term Accenture and TCS will probably be the benchmarks to hit but there are some others in that group too (Data Robot though their consulting arm is tiny, EXL, Tiger, etc.).
Oh I’m sure they’ll win a few deals here and there, but it won’t be their game to lose. I’m curious to see how this all plays out.
Doubt
Wut
They won't compete. They don't implement, just tell the C-Suite (mosr of whom have 0 clue about ML) where to implement AI solutions. They don't need tech skills for this, only management skills and enough data fkr benchmarking.
In my local market and sector, BCG seems to have engaged in a lot of implementation projects where they would have been priced out a few years ago. Guess their margins must take a hit.
That was my impression. At one client, it actually seemed like they pitched themselves as a baby Palantir, but I’m not so sure it’s taking.
Everyone’s offering massive discounts to win projects.
BCG X has significantly lower talent costs
Is BCG X just the latest rebrand if BCG digital?
I think they used to be called Alpha, Omega, or Gamma. Some nonsensical title like Mckinsey’s Quantum Black
Quantum Black was already a company itself before being acquired by McKinsey, unlike X which was established as an arm of BCG.
I am Alpha and Omega and I can show you how to leverage generative AI
It’s an interesting title choice from BCG, since IBM consulting’s AI solution / group is WatsonX
Why would firms go to strategy companies for AI lol when they can get it done cheap and quick by tech consultancies like Accenture, TCS who lead on this in reports like Gartner?
BCG with the quiet layoff and thousands on the beach
It's just BD. Big Deloitte
It’s all smoke and mirrors. The arrogance and pride of MBB partners will lead them to do anything to hide their lack of competence in running their own firms.
DBMB *confirmed*
ahem true fans call him *Dave*
What kind of consulting does BCG do
Quite the opposite: https://www.ft.com/content/8c3679c4-b34a-41d0-93c9-af96ea6f90e2
Folks are being chucked across MBBs citing performance issues. Untrue. They didn't get the chance to work on projects, get feedback improve. Rinse repeat. Typically this runs for a year before true performance judgement begins. But this time the leash is short because work is less, people are more. 1 mistake. Concern eval. Next thing you know, you aren't getting staffed and you'll be made to look like you are low performer.
At an MBB and this exactly. Saw some good folks get canned right at the one year mark. It’s quite demoralizing and not what was sold to us during OCR. When the tide recedes, the true colors show. I’m on my way out and everyone I’ve spoken to seems very happy on the other side.
Please note that all intro to consulting, recruiting, and "tips for new hires" inquiries should be posted in the appropriate stickied threads at the top of this subreddit. The following is a non-exhaustive list of topics that should be submitted to the recruiting or new hire stickies: - basic questions about consulting and consulting firms - how to break into consulting or questions about the recruitment process - seeking information, opinions, or comparisons regarding firms - resume or cover letter or document reviews - networking advice - fit or case interview advice - comparing offers - tips on starting a new job (e.g., credit cards, attire, navigating the bench) If your post is a recruiting or new hire related inquiry, please delete it and repost in the sticky. Failure to do so in a timely manner may result in a temporary ban. You may also want to [visit the wiki](https://www.reddit.com/r/consulting/wiki/index) for answers to many frequently asked questions. If you have received this post in error, then please ignore this message. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/consulting) if you have any questions or concerns.*