The Great McKinsey-Condé Nast consultation continues. This week finds the intrepid consultants making a visit to Anna Wintour‘s office. And what they’ve apparently gleaned thus far is that Vogue is a great representation of everything that is wrong at Condé. Also, Anna Wintour may or may not have known about “the Web” before now.

Looks like the reality has finally caught up to Conde Nast. A tipster passed on this email, which was just sent out to all Conde Employees informing them that the company has been forced to rethink “the way we do business in many instances and incorporate efficiencies in every step of our process.” Short version: tighten your Gucci belts kids and put on your walking shoes, no more Town Cars in your future!