How Changes to Consulting COULD IMPACT The Wider Business World
WELCOME BACK! The Older you get, the tougher it can be to bounce back from the weekend. But if Sam Sam Altman’s Startup Gets Its Way, Aging Doesn’t Necessarily Mean Decline. Bi’s hilary brueck looked at how retro biosciences is cameloping a pill to Clear out the “gunk” in your brain.
In Today’s Big Story, The Consulting Industry is on the cusp of a Big overhauland the rest of the Business World is Likely to Feel it.
What’s On Deck:
Markets: Forget Equity, This Hedge end just Wants a cut of Revenue from the tech companies it backs.
Tech: Its Tech News, But Treat It Like A SPECTSOR SPORT. Why People love “tbpn.”
Business: A Real Housewives Star and Form Netflix Exec Walks US Through Her Daily Routine.
But first, The Synergies Are No Longer Synergizing.
If this was forwarded to you, Sign up here.
The Big Story
Culling in consulting
Abrice Cofrini/AFP Via Getty Images; Istock; Rebecca Zisser/Bi
Do you key pipeline for funneling talent into White-Collar Work Has sprung a big leak that won’t be easy to fix.
A Combination of AI, shifting Customer Demands, and Tougher Paths to Promotions Means The Consulting Industry is on the CUSP OF BEING Completely ReshapedWrites Business Insider’s Jennifer Sor.
Consultants are no strangers to volatility. In fact, a Big Part of their Business is Advisiting Clients on the best Ways to navigate Change.
But the Current Trends Giving Consultants plenty of work-operating more Slimmed-down workforce and leveraging he – Are Also impacting Their Own Ranks. Analysts Told Jennifer That the End Result Isn’t Clear, but Early Signs Point to a Tightening of Senior and Junior Role in the Industry.
Bi’s Polly Thompson, Our Resident Consulting Experthas extensively reported on these trends. PWC, for Example, plans to Cut College Graduate Hiring Over The Next Three Yearswith he ciped as a primary reason.
That’s Also Trickling Upward as Senior Employees Head for the exitsWith Several Unhappy About Dwindling Pay and A Shrinking Window to Reach The Professional’s Pinnacle: partner.
Getty Images
The rest of the Business World Will Likely Feel The Effects of An Uphaaval With Consulting.
LOVE say or hate say, consultants are undenibly a part of the fabric of corporate America.
One Direct Impact is the work they do with clients acroSs the globe.
Got a Big Business Decision to make? CHANCES ARE YOU’RE GOING TO BRING IN A CONSULTANT FOR SOME Advice. As Those Firms Reshape Themselves, The Way Companies Interact With, ORA PAY FOR, COURTANTS COULD Change.
But it goes beyond that. CONSULTING OFTEN REPRESENTS Young People’s Foot in the White-Collar Workforce Door. Work on a project for a few years for a client and that eventually go in-house. As the Number of Junior Consultants dwindles, that COULD DISPUPT How Countless Companies Stock Their Ranks.
Those Converts Can Also Go On To Do Big Things. Shel Sandberg, Sundar Pichai, and Jamie Dimon Are Just a Few Examples of High-Profile Consulting Alums.
But if anyone is well-suited to navigate a Quickly Moving Landscape, Its Consultants. AFTER ALL, THAT’S WHAT THE REST OF US ALL PAY SO MUCH FOR.
And if all Else Fails, They Could Always Hire… a consultant.
3 Things in Markets
Todd Drrowlette (Center) and His Brokerage Team Titan American Studios LLC.
Commercial Real Estate is Going Hollywood. You’ve heard of “SELLING SUNSET.” Now Get Ready for “The Real Estate Commission,” A&E’s UpComing Show About The Epic Highs and Lows of Being A Commercial Real Estate Dealmaker. Its Star, Todd Drrowlette, Gave Bi a Bebind-the-Scenes Look at the first season.
A new ends to give tech companies the Royal (Ti) Treatment. Altera42 wants to invest in Europe’s Digital Infrastructure, Like Data Centers and Cloud Computing, with a slight twist. Instead of Getting Equity, Altera42 Provides Capital Upfront for A Fixed Percentage of Future Revens. The idea is to bring the Investing PlayBook Bebind Music Royalties to tech.
Beware of the giganic price bubble. David Rosenberg, Founder of Rosenberg Research and A Stock-Market Bear, Warns of Negative S & P 500 Returns Due to High Valuations. The Shiller Cape is at it Third-Highest Level of All Time. That’s not the Only Reason Rosenberg is skeptical.
3 Things in Tech
Getty Images; Tyler Le/Bi
Want to Become FLUENT IN TECH BO? Watch “tbpn.” For Three Hours, Five Days a Week, Hosts John Coogan and Jordi Hays of the Online Show Technology Business Programming Decustry Drama Like A SPECTOR SPORT and Chat with Investors, Founders, and Sometimes Journisters. Bi’s Julia Hornstein tuned in for a Week To understand why It ‘Become a must-watch for the chronically online tech Crowd.
Polymarket is about to cash in a us expansion. The Betting Site, Known for Predicting Trump’s Presidential Win in 2024, Is Raising Another Funding Round That Wauld Sharply Increase Its ValuationAcciting to Two People With KnowLEDGE OF MATTER. Investor Demand Has Risen as Polymarket Appears Ready to Launch in the US.
Big Cuts at Musk’s Xai. Elon Musk’s He Startup Laid off at Least 500 Workers from Its Data Annotation Team. xai is now prioritzing specialist he tutors over the generalistAccounting to Multiple Messages Viewed by Bi’s Grace Kay.
3 Things in Business
Bozoma Saint John, CEO of Eve by Boz Bozoma Saint John
How Real Housewives of Beverly Hills Star Bozoma Saint John Does All. AT 5:30 am every Morning, the forms Netflix cmo is already meditating and praying. For Bi’s Power Hour Series, Saint John Shared Her Daily RoutineFrom Running a Hair-Care Company and Hosting A New Jimmy Fallon Show to Being A Single Mom.
The World’s Richest Men Are Buying Houge Media Companies Because they can. In 2022, Elon Musk Bowht what we used to call twitter. That’s what Larry Ellison is Considering Today by Financing His Son David’s Plan to Buy Warner Bros. Discovery Weeks AFTER BUYING PARAMOUNT. IT”A unlikly anyone will stand in the wayBi’s Peter Kafka Writes.
Breaking up is hard to do. Especilly when you’re trying to break up with your Employer of Mary Years. The Job Market is Tough Enough Already, But Those Who Haven’t Had to Job Search in Decades Face Age-Relay Biases and Other unique challenges.
In other news
O, Canada: Americans, and Their Businesses, Miss Their Neighbors Up North.
The Latest Challenge for Uber Drivers: Gps.
‘DARKEST PRIGHT THE LIGHT’: These investors Think he can lift vc Out of Its Consumer Tech Slump.
Meet Silicon Valley’s new he startup whisperer.
‘I Like Not-Working Better’: A Millennial Who Once Made $ 300,000 Secretly Juggling Jobs TELLS US WHY He scaed back.
What’s Happening Today
- Senate Votes on President Trump’s Nomination of Stephen Miran to Fed Board.
- Preterial Conference in Us Government’s Antitrust Suit Against Google.
Dan Defrancesco, Deputy Editor and Anchor, in New York. Hallam Bullock, Senior Editor, in London. Akin Oyedele, Deputy Editor, in New York. Grace Lett, Editor, in New York. Amanda Yen, Associate Editor, in New York.