DIRS.INFO The most relevant business & tech news

☆ I was a consultant at McKinsey. Here's the frustrating way they pushed me out.
▼ + stars: | 2024-04-14 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

AdvertisementThis is an as-told-to conversation with Ezra Gershanok, a former Business Analyst at McKinsey & Company and the cofounder of sublet startup Ohana. I was hired straight out of college as a Business Analyst, an entry-level consultant role at the firm. Related storiesFor me, the pace of the work started to slow down in the second half of 2021 and into 2022. Several jobs at the firm started to be seen as redundant. So, it's possible to get positive feedback from the clients you're working with and your direct manager, even when the higher-ups are trying to push you out.

Persons: Ezra Gershanok, Gershanok, Zillow, —, McKinsey doesn't, I'd, Ohana, We've, Spencer Rascoff, Surabhi Gupta, they're, Lakshmi Organizations: McKinsey & Company, Post, McKinsey, Service, Apple, Engineering Locations: Seattle, sublease, NYC, Lakshmi Varanasi, lvaranasi@businessinsider.com

☆ Companies are shuffling people around more than they were a year ago. Here's how to know what your reassignment really means.
▼ + stars: | 2023-09-01 | by ( Madison Hoff | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Experts say a reassignment is often a good sign and may mean a company wants to keep you. Challenger told Insider that over the past few years, companies focused on reassigning workers internally because it was hard to find replacements amid the labor shortage. AdvertisementAdvertisement"It's usually a company saying, 'Hey, we don't have this role anymore, but we want to keep you,'" Challenger told Insider. "Just the act of reassignment does not signal that a company wants you gone," Julia Pollak, the chief economist at ZipRecruiter, told Insider. Yolanda M. Owens, a career coach who works with platforms like the Muse, told Insider by email that companies can also use reassignments to keep the power dynamics in their favor.

Persons: Andy Challenger, they've, Julia Pollak, Pollak, Yolanda M, Owens, Challenger, " Pollak Organizations: Service, Street Journal, Challenger, Research Locations: Wall, Silicon

☆ Smucker's has found a return-to-office solution that workers seem to like — in-person work for only 22 weeks a year
▼ + stars: | 2023-08-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Smucker has an RTO policy that requires workers to be on-site only during 22 "core" weeks. The Smucker model appears to be a hit with workers, who can live anywhere as long as they return for "core" weeks. Amazon's CEO Andy Jassy just told employees it was "past" time to commit to its return-to-office mandate of three days a week. Last week, Goldman Sachs told more of its workers to start coming into the office five days a week. Facebook/JifThe company has about 6,000 employees worldwide, but the "core" weeks program is targeted at the 1,300 corporate workers based at its Orrville headquarters.

Persons: Smucker, Andy Jassy, Goldman Sachs, Zoom, Uncrustables —, didn't, Smucker's, they're, Nicole Massey, Massey, Mark Smucker, Lakshmi Organizations: Service, Wall Street, Employees Locations: Orrville , Ohio, Wall, Silicon, San Francisco, Bay, Akron , Ohio, Lakshmi Varanasi, lvaranasi

☆ Consulting firms like Accenture are giving recent grads $25,000 stipends to push back their start dates
▼ + stars: | 2023-08-12 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Consulting firms are now pushing back start dates for some new hires fresh out of college. Others are being offered tens of thousands dollars to push their start dates back to next year. One recent graduate from Pomona College was on track to start at Accenture this month, Bloomberg reported. She was asked to push back her start date to next April and given a $25,000 bonus to make up for the disruption. Are you a recent college graduate who's had your start date pushed back at a consulting firm?

Persons: there's, cooldown hasn't, you'll, who's, Lakshmi Organizations: Accenture, Bloomberg, Service, New, Netflix, Deloitte, Pomona College Locations: Wall, Silicon, Southeast Asia, Lakshmi Varanasi, lvaranasi

☆ The AI boom will wipe out jobs — and there's not really much we can do about it, Paul Krugman says
▼ + stars: | 2023-08-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Krugman talked about AI's potential to displace white-collar jobs. He contended that there isn't much the government can do to mitigate the impact of AI on jobs. What he means is that the AI boom is likely to wipe out some white-collar jobs (over manual-labor jobs) evenly across the country — instead of devastating one particular region or social group. "I don't think there's much you can do about that aside from just trying to ban the technology altogether, which isn't going to work," Krugman said. Krugman said it's still hard to gauge the impact of technological innovation like AI because the way we "measure technology is godawful."

Persons: Paul Krugman, Krugman, it's, It's Organizations: Morning

☆ Newly Hired Consultants Are Getting Paid $175K to Do Nothing
▼ + stars: | 2023-08-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

New hires at some top consulting firms don't have enough work, The Wall Street Journal reported. MBA grads recruited into top consulting firms often earn sizable six figure salaries. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Those hired into consulting firms out of business school generally take home hefty six figure salaries. The impasse that new hires face comes as consulting firms have laid off swaths of their workforces over the past year.

Persons: grads, —, they're, Bain, Lakshmi Organizations: Street Journal, Service, Bain, Boston Consulting Group, McKinsey, Wall Street, Yale, Dartmouth, University of Virginia, — Bain Locations: Wall, Silicon, United States, Lakshmi Varanasi, lvaranasi

☆ Should you quit your job because you're paid too much? One worker wrote to an advice columnist to ask.
▼ + stars: | 2023-07-18 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

A nonprofit worker wrote to the New York Times Ethicist column about being paid too much. "I do not go above and beyond," the person wrote to the NYT. "One way to contribute to an organization is to shape your job around your talents," the columnist wrote. Quitting because you think you're paid too much? Do you think you're overpaid?

Persons: They've, underworked —, they're, Kwame Anthony Appiah, there's, Lakshmi Organizations: New York Times, Service Locations: Wall, Silicon, Lakshmi Varanasi, lvaranasi

☆ We asked if people want to be in the office Mondays, Fridays — or neither. A big landlord says 5-day workweeks are dead.
▼ + stars: | 2023-07-05 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

One of New York City's biggest landlords said the office is dead on Fridays and maybe Mondays, too. Data on office occupancy rates also shows Mondays and Fridays are the most vacant days of the week. Insider asked readers on our LinkedIn page if they're going into the office on Mondays and Fridays, Mondays or Fridays, or neither. We asked: "Given the choice, do you go into the office on Mondays and Fridays?" A little less than half of the respondents said they wouldn't go into the office on either Mondays or Fridays.

Persons: —, Steven Roth, Misha Friedman, Robert Parlaman, Lakshmi Organizations: Service, Disney, LinkedIn, New York, San, Chicago, Washington D.C, Philadelphia, Houston, Austin, Dallas, Angeles, Systems Locations: York, Placer.ai, Atlanta, Jose, San Francisco, Lakshmi Varanasi, lvaranasi

☆ Lyft is reportedly slashing 1,200 jobs — at least 30% of its staff. It's struggling to keep up with Uber.
▼ + stars: | 2023-04-21 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Lyft plans to cut 1,200 jobs in an attempt to reduce costs, according to the Wall Street Journal. Lyft lost market share to ride-hailing rival Uber during the pandemic. Ride-hailing company Lyft is planning to cut 1,200 jobs, the Wall Street Journal reported Friday, citing people familiar with the company's plans. A spokesperson for Lyft told Insider that the company would not be able to confirm the number of affected employees until next week. Lyft had been struggling with discontented employees and investors ahead of Risher's appointment last month.

☆ Mark Zuckerberg reportedly said he doesn't like seeing 'managers managing managers,' fueling speculation of more layoffs
▼ + stars: | 2023-01-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn't think a structure of "just managers managing managers" is ideal. Meta's chief product officer Chris Cox has discussed the need to "flatten" the management structure, Command Line said. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyManagers managing managers managing managers managing managers…There's a corporate tongue-twister if there ever was one. "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work," Zuckerberg reportedly said during an internal Q&A session in late January, according to Command Line.

Search resuls for: "lvaranasi"

10 mentions found