The post-pandemic future for major consultancies like PwC, Boston Consulting Group, and KPMG, and how they’re adapting to the new normal.

The coronavirus pandemic has taken a heavy toll on the management-consulting industry.



a person in a suit and tie: The coronavirus pandemic has taken a heavy toll on the management-consulting industry. Samantha Lee/Business Insider


© Samantha Lee/Business Insider
The coronavirus pandemic has taken a heavy toll on the management-consulting industry. Samantha Lee/Business Insider

The market for consultants has declined this year to an estimated $132 billion from $160 billion because of decreased client demand, according to research platform Statista. The crisis put a strain on corporate budgets, forcing some to cancel or pause projects with major clients. Giant advisory firms including KPMG and Accenture have laid off thousands of workers, and some consultancies like Ernst & Young have deferred promotions and performance bonuses for employees.

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COVID-19 forced leading consultancies to cut travel budgets, shut down offices, and collaborate remotely with clients and colleagues.

The novel coronavirus has fundamentally changed the way consultants do business. Business Insider reviewed research and spoke with prominent leaders at major consultancies like PwC, KPMG, and

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Penny stocks are cheap and often see massive gains, but they’re also very risky. Here’s what you should know before investing.



On the plus side, penny stocks offer a cheap chance to buy a winner; on down side, they can be hard to research and trade. Bill Oxford/Getty Images


© Bill Oxford/Getty Images
On the plus side, penny stocks offer a cheap chance to buy a winner; on down side, they can be hard to research and trade. Bill Oxford/Getty Images

  • Penny stocks are securities that trade at less than $5 per share, often in unsupervised over-the-counter markets.
  • Penny stocks are considered lucrative but high-risk investments: volatile, illiquid, and often subject to scams.
  • Investors interested in penny stocks should deal with those listed on larger exchanges and sold by established brokers.
  • Visit Insider’s Investing Reference library for more stories.

Penny stocks have become more popular than ever, tempting investors with a low cost of entry and the prospect of significant financial gains. Stories of shares making gains of over 4,000% in just months add to their appeal, and new trading technology makes it easier than ever to enter the market.

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But while they can be lucrative,

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What Do Employees Seek in Business Leadership? They Want to Feel They’re Part of Something That Matters

As this pandemic continued to take its toll, many within business leadership ranks quickly opted for employee layoffs or ending hazard pay, while others prioritized wellbeing for employees and society. The online company culture and salary review website Glassdoor recently analyzed U.S. and U.K. employee reviews during the COVID-19 pandemic to rank CEOs based on their performance during the pandemic. The bottom line is that employees who felt as if they were cared for have responded most positively to their companies’ leadership.

Glassdoor ranked these CEOs based on reviews that were related to work-life balance, flexibility, remote work policies, health benefits, communication and leadership during this crisis. The reviews Glassdoor’s team analyzed were left by current and former employees from March to July 2020. The company’s staff mined CEO ratings, how employees reviewed senior leadership, and employees’ comments and reviews to build out this ranking. The industry-diverse list

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