Category: Industry discussion

the image is the cover for an article on accenture cutting 19,000 jobs

Accenture Cuts 19,000 Jobs

Accenture, a leading global professional services firm, has announced plans to cut approximately 19,000 jobs over the next 18 months, citing rising costs and an uncertain economic outlook. This is the largest cut seen across the consulting sector, and it is expected to hit about 2.6% of Accenture’s 738,000 staff, who provide consultancy and outsourcing…
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the image is the cover for an article on bain and openai collaborating

AI in Consulting: Bain Partners with OpenAI

OpenAI is a leading AI research and development company that focuses on developing cutting-edge artificial intelligence technology to benefit humanity. The company has collaborated with Bain & Company, a leading global management consulting firm, to deliver innovative AI solutions to Coca-Cola, one of the world’s largest beverage companies. An initial project of many more to…
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the image is the cover for an article on mckinsey layoffs

McKinsey cuts 2,000 jobs

McKinsey & Co., the world’s most prestigious consulting firm, is reportedly planning to eliminate around 2,000 jobs, marking one of its biggest rounds of cuts ever. According to Bloomberg, the move is expected to focus on support staff in roles that don’t have direct contact with clients, as McKinsey looks to restructure how it organizes…
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How to Switch from Big 4 to MBB (McKinsey, BCG, Bain)

It is possible for someone who has worked or currently works at a Big 4 to switch to MBB? In short, yes it is! Many experienced professional service workers at the Big 4 are well-suited for strategy consulting because of their strong analytical skills and their ability to solve complex business problems. However, it’s important…
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the image is the cover for an article on 80/20 in consulting

80/20: The Pareto Principle and Its Application In Consulting

The 80/20 Principle, also known as the Pareto Principle, states that 80% of results come from 20% of the effort. This principle, first identified by Italian economist Vilfredo Pareto, can be applied in a variety of ways to improve efficiency and increase productivity. In consulting firms, the 80/20 principle can be a valuable tool for…
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