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What happens when McKinsey comes to town?
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McKinsey - The Single Greatest Legitimizer of Mass Layoffs
Michael Wolraich: McKinsey may be the single greatest legitimizer of mass layoffs than anyone anywhere at any time in modern history. He says company's top priority is to serve client interests, not answer difficult questions such as why am I doing this? And so they opt for the easy way out that will keep stock prices high, keep shareholders happy. Kolraich: There are a lot of very good people who are working at McKinsey. But when they get inside and they find themselves working safer, an opioid maker or cigarette maker, well, that comes as a bit of a surprise.
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