"Senior partners at the global management consulting firm, which has been steadily cutting its worldwide workforce over the past few years, are understood to have held initial talks with the heads of non-client-facing departments about shrinking their teams by as much as 10 per cent. A McKinsey spokesman would not confirm how many roles were at risk, but Bloomberg, which first reported the plans, estimated that there could be "a few thousand" layoffs staggered over the next 18 to 24 months."
"McKinsey is one of the world's foremost consulting firms, advising companies on everything from implementing new technologies to entering new markets and cutting costs. It counts among them blue-chip companies including Coca-Cola, Microsoft, Goldman Sachs and numerous governments. Getting rid of jobs is often the go-to method McKinsey and its consulting rivals use when trying to "trim the fat" from clients' cost bases."
""As our firm marks its 100th year, we're operating in a moment shaped by rapid advances in AI that are transforming business and society," the spokesman said. "Just as we're partnering with clients to strengthen their organisations, we're on our own journey to improve the effectiveness and efficiency of our support functions.""
McKinsey plans to reduce headcount in some teams in response to rapid advances in artificial intelligence. Senior partners have held initial talks about shrinking non-client-facing departments by as much as ten percent. Bloomberg estimated the cuts could amount to a few thousand roles staggered over 18 to 24 months, while McKinsey declined to confirm numbers. A spokesman framed the changes as part of improving effectiveness and efficiency of support functions as AI reshapes business and society during the firm's 100th year. McKinsey expanded headcount from about 17,000 to 45,000 between 2012 and 2022 and fell back to roughly 40,000 after 2023 layoffs.
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