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The one company I've ever worked at that had layoffs was after they brought in ex-McKinsey hires (as Chief of Staff or similar). The company was already super
by someotherperson 3y ago
The one company I've ever worked at that had layoffs was after they brought in ex-McKinsey hires (as Chief of Staff or similar).
The company was already super toxic due to middle managers being brought in, the McKinsey folk I guess laid a few of them off (along with half of the company, including the CEO). The company was profitable and had just raised eight figures or so. Apparently it's doing better now culturally though.
This isn't a success story, it led to mass layoffs. But some of the core assholes who drove the culture into the ground lost their jobs too, so there is a bright side to it I guess.
- rchaud 3y ago» This isn't a success story, it led to mass layoffs. Did the company valuation go up? Because that is the only thing McK gets the fees they do. They're also at Google and Facebook, and have done mass layoffs there even though their enormous profits are not under threat.
- listenallyall 3y agoYou described the company, pre-consultants, as "super toxic". Slashing staff, while it's uncomfortable, is likely the only way to save the company. And, as you said, the layoffs included the CEO and other "assholes", so it wasn't isolated to low-level people.
- someotherperson 3y agoThe company had literally about a hundred million dollars in the bank and were bringing in millions every month on a strong upward trajectory. Some back-of-the-envelope calculations had the total cost of staff monthly salaries at $500,000 - $750,000. That's now been slashed to about $300,000 - $550,000. Nothing of value was saved here.