Bain Offers Buyouts to UK Staff in Fresh Sign of Consulting Woes
- Bain says ‘limited group of UK employees’ affected by decision
- Consultancies have pulled back after clients shelved projects
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Bain & Co. is offering buyouts to staffers in London, the latest sign that global consultancies are seeing a slowdown in demand for their services.
The Boston-based firm offered a range of packages to employees in London affected by the move, according to people familiar with the matter. Some staffers were given the option to depart with multiple months pay or to transfer to other overseas offices, such as those in Johannesburg and Sydney, one of the people said, asking not to be identified discussing personnel information.