Hello!
What is for sure is that the COVID19 is truly harming economy, and in the next weeks we will see whether we are heading to a global economic recession.
If this is the case, and we indeed face a global recession -even if not as hard as the previous one-, this will have an impact in consulting. Why? Simply because there would be less clients, less engagements with the usual clients, and an overall freeze in spending.
This, for sure, will impact recruiting, reducing the classes of BAs and Associates for a couple of years.
What about offers being rescinded and lay-offs? Is too soon to assess this yet. Furthermore, MBB are still working, we are not in the point in which they stop their business. What is for sure is that promotions and MBAs sponsoship will freeze, as well as hiring. If this continues like this, the utilization of some consultants will be very low and they will be "advise to leave"
Hope it helps!
Cheers,
Clara
Hello!
What is for sure is that the COVID19 is truly harming economy, and in the next weeks we will see whether we are heading to a global economic recession.
If this is the case, and we indeed face a global recession -even if not as hard as the previous one-, this will have an impact in consulting. Why? Simply because there would be less clients, less engagements with the usual clients, and an overall freeze in spending.
This, for sure, will impact recruiting, reducing the classes of BAs and Associates for a couple of years.
What about offers being rescinded and lay-offs? Is too soon to assess this yet. Furthermore, MBB are still working, we are not in the point in which they stop their business. What is for sure is that promotions and MBAs sponsoship will freeze, as well as hiring. If this continues like this, the utilization of some consultants will be very low and they will be "advise to leave"
Hope it helps!
Cheers,
Clara