McKinsey is reportedly planning significant job cuts, targeting its own non-client-facing departments. The global consulting giant is considering reducing those internal teams by up to ten percent. These cuts, potentially numbering a few thousand roles, could roll out over the next couple of years.
The firm's leadership cites advancing AI as a key reason, stating that technology is reshaping how their own internal work gets done. They emphasized a continued focus on hiring client-facing staff while rethinking back-office operations. This follows a previous round of layoffs last year, which reduced total headcount from a peak of 45,000 to around 40,000.
These internal moves mirror the cost-cutting advice McKinsey often gives its clients, which includes giants like Microsoft and Goldman Sachs. The planning also reflects a wider industry slowdown, with weaker client demand across the consulting sector. Other major firms like the Big Four accounting groups have made similar workforce trims recently. Final decisions on the number and location of cuts are still pending.
The firm's leadership cites advancing AI as a key reason, stating that technology is reshaping how their own internal work gets done. They emphasized a continued focus on hiring client-facing staff while rethinking back-office operations. This follows a previous round of layoffs last year, which reduced total headcount from a peak of 45,000 to around 40,000.
These internal moves mirror the cost-cutting advice McKinsey often gives its clients, which includes giants like Microsoft and Goldman Sachs. The planning also reflects a wider industry slowdown, with weaker client demand across the consulting sector. Other major firms like the Big Four accounting groups have made similar workforce trims recently. Final decisions on the number and location of cuts are still pending.
