Wonder if they hired Bain or BCG to figure out how many to layoff
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 insider knowledge as it gets radically hedges the success and growth of their customers, that sounds like an economic leading indicator.
I want to agree, but is that insider knowledge even appropriately distributed to make that kind of determination. I want to believe that senior management reads the reports generated by their underlings, but part of me just assumes they merely skim TLDR section with very few taking the information in reports seriously.