McKinsey is planning to cut about 10% of its support staff in the next year or two, which means thousands of jobs will be affected. After a hiring spree over the last decade, they now have around 40,000 employees but their income has stopped growing.
Just last month, McKinsey cut 200 tech jobs worldwide. It looks like they're planning to lean more on AI and automation to make things run smoother internally. This move shows that the consulting business is slowing down, and McKinsey is trying to make things better while keeping their focus on serving clients.
Related News