📉 McKinsey to Cut 5,000 Jobs in 18 Months

After rapid expansion during the pandemic, McKinsey & Company is undergoing one of the largest workforce reductions in its ~100-year history.

🔻 10%+ headcount cut as part of a profitability drive

🧍‍♂️ Headcount drops from 45,000 (end of 2023) to 40,000

🗓 Layoffs span an 18-month period

The move reflects broader shifts in demand for consulting services amid economic uncertainty and corporate belt-tightening.