McKinsey Piles ‘Up or Out' Pressure on Some US Consultants [BNN Bloomberg (Canada)]
Accenture plc Class A Ordinary Shares (Ireland) (ACN)
Last accenture plc class a ordinary shares (ireland) earnings: 3/19 06:44 am
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Source: BNN Bloomberg
The memos were sent to some engagement managers and associate partners in North America, reminding them staff in this role have an average of two and a half years to be promoted, people familiar with the matter said. It's the latest sign that McKinsey may be rethinking its staffing following several years of aggressive hiring and low attrition rates. “We have always maintained a high bar for performance,” according to a statement from McKinsey. “We routinely refine our approach to development and performance to ensure we continue to meet these goals, and we continue to recruit and hire robustly.” Last month, the senior partners reelected Global Managing Partner Bob Sternfels for a further three years, at a time when the consulting industry is facing a slowdown in client activity, public scrutiny and economic headwinds — although McKinsey said it generated a record $16 billion in revenue last year. In February, Sternfels penned a note in which he wrote “estamos juntos,” meaning
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- 4/25/24 - Form 144
- 4/24/24 - Form 13F-HR
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