Strategy& Current Situation

Based on the most helpful WSO content, Strategy& has faced challenges in recent years, particularly with layoffs and morale. There are reports of layoffs, including first-year campus hires, due to low utilization and partners struggling to sell projects. Some employees were given very short notice, as little as three days, which has been criticized heavily.

Additionally, there are mentions of overhiring in the past, leading to a "bloodbath" of layoffs when work dried up. Morale appears to be low, with some employees rating their satisfaction below 5 on a scale of 1-10, and many feeling stuck on long-term implementation projects rather than true strategy work.

However, there are also regions, like the UK and Germany, where Strategy& seems to be performing well, competing strongly in sectors like Tech and Telco. The Deals practice, in particular, has been noted for attracting top talent and maintaining high offer acceptance rates.

In summary, while there are pockets of success, the general consensus points to struggles with work availability, morale, and layoffs in certain areas.

Sources: Strategy& Recovery, Strategy& Ex Employee - Q&A, Q&A: I Work at Strategy&. Consulting, Strategy& Ex Employee - Q&A