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49 McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry

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msmash @ Slashdot 1 place · today 12:27 EDT

McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry

McKinsey, the consulting giant that has spent a century advising companies on how to cut costs and restructure operations, is now turning that advice inward as it plans to eliminate thousands of jobs across its non-client-facing departments over the next 18 to 24 months.

The firm's leadership has discussed a roughly 10% headcount reduction in support functions, according to Bloomberg. McKinsey's revenue has hovered around $15 billion to $16 billion for the past five years after a decade of rapid expansion

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