Part 3/16:
This episode underscores a reality in a sector that historically thrived on offering strategic advice — but increasingly appears to be a shadow of its former self. Over the past decades, many of these firms, including McKenzie and others like PwC and Deloitte, have been caught in a cycle of diminishing returns, layoffs, and disillusionment. The once prestigious reputation of consulting has been cracked wide open, with industry insiders now questioning whether these firms are more of a racket than a valuable partner.