McKinsey begins cutting 1,400 jobs
Management consultancy firm’s offices worldwide likely to be affected
By USInMinutes
Published - Mar 29, 2023, 02:56 PM ET
Last Updated - Jul 18, 2023, 04:07 PM EDT
Management consultants McKinsey & Co., has begun cutting 1,400 jobs in a major restructuring move.
The layoffs will affect the New York-based company’s staff worldwide, according to a report from Bloomberg.
The company with 38,000 employees has a presence in more than 130 countries. The company had only 28,000 employees before 2018 and 17,000 in 2012, reports say.
The layoffs, described as a rare development in the company’s history, are expected to predominantly affect the company’s support staff.
