Feb 21, 2023
McKinsey & Co. plans to eliminate thousands of positions, adding the consulting giant to a wave of companies that are cutting corporate jobs.
The firm, which is known for helping companies streamline their operations, could shed as many as 2,000 jobs in what would be one of its biggest headcount reductions to date, according to a person familiar with the matter.
The restructuring plan is expected to be completed in the coming months, when the firm will make a decision on the extent of the cuts to the 45,000-person staff, the person familiar with the matter said. The company is reviewing its professional support functions, the person said.