McKinsey & Company, the consulting powerhouse known for advising companies on efficiency and cost cutting, is now planning to cut its own workforce, according to Bloomberg.
The firm wants to layoff about 10 percent in non-client-facing roles, a move that could roll out over the next year and a half.
The planned cuts come after years of rapid hiring followed by stalled growth. Revenue has hovered around $15 billion to $16 billion, while clients grow more cautious about big consulting bills. Rivals like Accenture, EY, and PwC have made similar moves.
McKinsey & Company, the consulting powerhouse known for advising companies on efficiency and cost cutting, is now planning to cut its own workforce, according to Bloomberg.
The firm wants to layoff about 10 percent in non-client-facing roles, a move that could roll out over the next year and a half.
The planned cuts come after years of rapid hiring followed by stalled growth. Revenue has hovered around $15 billion to $16 billion, while clients grow more cautious about big consulting bills. Rivals like Accenture, EY, and PwC have made similar moves.
The rest of this article is locked.
Join Entrepreneur+ today for access.
