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Source:
https://www.ndtv.com/world-news/consulting-giant-mckinsey-to-eliminate-2-000-jobs-3803171
https://www.wsj.com/articles/mckinsey-intends-to-eliminate-as-many-as-2-000-jobs-ba80d72c
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McKinsey & Co., a leading consulting firm, is planning to cut as many as 2,000 jobs, which would be one of its largest headcount reductions to date, according to a source familiar with the matter. The restructuring plan is expected to be completed in the coming months, and the firm is reviewing its professional support functions. McKinsey has been rapidly expanding its team over the past decade, with revenue of $15 billion in 2021 and continued growth in 2022. However, the company is now redesigning the way its non-client-serving teams operate to effectively support and scale with the firm. The move comes amid a wave of corporate job cuts that have spread beyond the technology sector.