Consulting Giants Struggle Amid AI Shift
Update: 2025-12-22
Description
Management consulting giants, including Accenture, the Big Four, and McKinsey, are grappling with a significant downturn. Profits have stagnated, share prices have plummeted, and job cuts have become the norm. The culprits? A global economic slowdown, waning ESG trends, and weaker demand for cloud services. Firms are touting AI as a solution, but experts warn of a potential doom loop. Clients may resist AI-driven services or demand lower prices, exacerbating the sales slump. Critics argue that AI is merely a smokescreen, hiding real work shortages. As consultancies navigate this shift, the true impact of AI remains uncertain, but the pressure to adapt or risk obsolescence is intensifying.
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