All articles tagged with #consulting firms
Originally Published 3 months ago — by The New York Times
Republican leaders are investigating college pricing algorithms and the role of consulting firms and data providers, raising concerns about potential antitrust violations and the influence of proprietary algorithms on college costs.
Originally Published 1 year ago — by Business Insider
Accenture has revised its revenue forecast for 2024 downwards due to clients cutting back on spending, with consulting revenue for the second fiscal quarter falling about 3% compared to 2023. Major consulting firms are facing waning demand from clients, leading to reorganizations and delayed start dates for new hires. However, the promise of AI is providing a bright spot, with firms seeing significant revenue related to generative AI and a growing demand for understanding and implementing the new technology.
Originally Published 2 years ago — by Business Insider
Deloitte is using AI technology to assess the skills of its current employees and potentially shift them into more promising areas of the business, in an effort to avoid mass layoffs and balance new hiring growth. The firm is betting that AI will not only help retain employees but also increase productivity and profitability. Deloitte's move comes after a surge in new hires, while revenue growth has not kept pace. Other consulting firms are also grappling with how to manage their workforce amid an uncertain economy.
Originally Published 2 years ago — by The New York Times
Prosecutors in Atlanta investigating election interference by Donald J. Trump and his allies have contacted two consulting companies that were hired by the Trump campaign in 2020 to research claims of vote fraud but found no proof that significant fraud had occurred. The interest in the companies and their work in Georgia and several other battleground states could be used by prosecutors to undercut claims by Mr. Trump and his allies that they had legitimate grievances about the election. The firms had previously been subpoenaed by federal prosecutors.
Originally Published 2 years ago — by The New York Times
Chinese authorities visited the Shanghai offices of Bain & Company to question its employees, marking the latest official scrutiny of a prominent American business in China. The questioning came less than a month after the authorities detained five Chinese nationals working in Beijing for the Mintz Group, an American consulting company. The raid on Bain’s operations in Shanghai is the latest sign of the strained economic relationship between the U.S. and China. Multinationals typically share sensitive information with advisory firms under confidentiality agreements that require the clients to be notified if any of their data is compromised.