McKinsey's Back at Time Inc.

Consultants' past work resulted in massive cuts

They’re baaack. Bain & Co. may have left the building, but the consultants—the mere mention of which causes tremors about layoffs—aren’t done at Time Inc. Seems CEO Laura Lang is working with McKinsey & Company now. McKinsey has a reputation for giving management justification to make cost cuts; the firm was at the publishing giant in 2007, and it left the layoffs of some 800 people in its wake.

Lang said Bain’s work wasn’t about cutting staff, although no one seems to believe her.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in