McKinsey & Company plans to cut regarding 2,000 jobs, in one of the largest rounds of layoffs ever undertaken by the management consultancy giant.
Bloomberg said that the company, which is known for developing employee reduction plans for its clients, is taking this step in order to reduce costs and restructure its employees.
The company is scheduled to proceed with its plans to reduce staff in the coming weeks, which will only affect support staff in classes that do not have direct contact with customers.
The company has witnessed rapid growth in the number of its employees over the past decade to reach 45,000, and this number was only 28,000 employees 5 years ago, according to Bloomberg.
The company recorded record revenues in 2021 amounting to $ 15 billion, and this number increased in 2022, according to the sources.
Over the past weeks, many major companies have announced plans to cut staff in order to cut costs, including Amazon, Microsoft and Meta Platforms, as well as banks such as Morgan Stanley and Goldman Sachs.
