Mass Layoffs and Overpaid Senior Executives

Mass Layoffs and Overpaid Senior Executives
Blame BCG and McKinsey?!
2016 9. 10th 11:00 AM – 2:00 PM
Steven Mo, Ph.D., Director of Strategy & Innovation, United Health Group’s Optum Division and former BCG consultant

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Abstract: Recent top headlines include “Cisco to cut 5,500 jobs”, “Intel axes 12,000 jobs”, “IBM continues layoffs that could top 14,000 job cuts”, and “Biogen cuts 11% of workforce in restructuring”. How do big American corporations make decisions like these? Does hiring consulting firms like the Boston Consulting Group (BCG) or McKinsey really solve the problems? In this talk, we will go through an executive top-down approach/analysis on how the organization restructuring decisions are made and implemented, and how could employees stay competitive during the layoff seasons to secure their current or future jobs. To make the workshop more interactive and entertaining, please bring a calculator, pens, pieces of papers which will be used for our interactive exercises during the talk among all participants!

Speaker Bio: Dr. Steven Mo is a Director of Strategy & Innovation at UnitedHealth Group’s Optum division, the largest healthcare IT company in the world by revenue ($60B in 2015). He came from a business and science dual background: He was a BCG management consultant, a former entrepreneur, and an MIT and Oxford-trained biomedical engineer. In addition, Steven is the first-ever Rhodes Scholar from Taiwan. In his professional career, Steven has advised C-level executives at Fortune 100 healthcare & technology companies, published in Nature Biotechnology, and founded a medical device startup. For today’s topic on Fortune 100 companies’ reorganization and layoff planning, large American corporations often hire external consultants to provide an objective perspectives. Through Steven’s various assignments during his time at BCG and UnitedHealth Group, he was able to first-hand witnessed how such strategic decisions were made and operations were implemented.