Tom Ellsworth

The product that you guys built.

Let's talk about yours first, and then we'll talk about the one we built.

Just go to it.

Just talk about what's going on, because I think what's important is, well, let me go with this, and then let's go into what you're talking about, because it has to do with the same thing.

McKinsey plots...

Thousands of job cuts and slowdown for consulting industry, okay?

And we know McKinsey.

Then when it comes down to consulting, they're the cream of the crop.

Founder James McKinsey and then the guy, the godfather that helped build the company, a man named Marvin Bauer.

Go to any McKinsey office and drop the name Marvin Bauer, look what they'll say about him.

Marvin Bauer is the man that's respected by anybody and everybody who's ever worked at McKinsey.

But let me tell the story.

So McKinsey & Company is...

Gathered in a consulting giant's birthplace in late October, Bob Sternfeld delivered a rally cry, we will kick some ass as we start our second century, the firm's top executive told the thousands of attendees.

But away from the hundred-year festivities in Chicago, McKinsey's bosses have been conveying a more pragmatic message, pragmatic message, it's time to get leaner.

The firm's leadership has discussed with managers in non-client-facing departments they need to cut about 10% of headcount across their business according to people with knowledge of the matter that could amount to a few thousand job cuts that McKinsey would stagger over the next 18 to 24 months.

The people said asking not to be identified because the details are private for McKinsey, the go-to advisor for companies.

and countries.

It's the type of cost-cutting approach that its consultants often prescribe to clients.

The firm's revenue growth has flattened in the past five years.