McKinsey's headcount is down more than 10% in the past 18 months. That's the biggest loss in the consulting firm's history

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McKinsey's headcount is down more than 10% in the past 18 months. That's the biggest loss in the consulting firm's history

//business-finance.news-articles.net/content/202 .. ggest-loss-in-the-consulting-firm-s-history.html

Published in Business and Finance on Thursday, May 29th 2025 at 11:40 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The company says the decrease is due to normal attrition and performance review firings.

The article from Fortune, dated May 29, 2025, reports that McKinsey & Company has reduced its headcount by more than 10 percent over the past year, marking a significant downsizing effort amid a challenging economic environment. The consulting giant, which had previously expanded aggressively, is now focusing on cost-cutting measures and operational efficiency. This reduction in staff is part of a broader strategy to streamline operations and adapt to shifting market demands, with the firm emphasizing investments in technology and digital transformation to remain competitive. The layoffs have affected various levels within the organization, including both support staff and consultants, reflecting the firm's efforts to right-size its workforce in response to current economic conditions.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/29/mckinsey-headcount-down-more-than-10-percent/ ]

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