Consulting firm McKinsey plans to lay off 2000 employees

Consulting firm McKinsey plans to lay off 2,000 employees

According to the Bloomberg news agency, the consulting firm McKinsey is planning a workforce reduction of 2,000 jobs, one of its most important redundancy plans.

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According to an article published on Tuesday, the American company currently employs 45,000 people, compared to 28,000 five years ago.

According to anonymous Bloomberg sources, the number of employees affected could still change.

This social plan should primarily be aimed at administrative employees, i.e. employees who do not interact directly with customers.

McKinsey wants to centralize consulting tasks and save money after recruiting heavily in recent years.

Founded in Chicago in 1926 and present in more than 130 countries, the company had record sales of $15 billion in 2021 and surpassed that figure in 2022, according to one of the sources from Bloomberg.

Many large US companies, particularly in the technology sector, have laid off in recent months after years of rapid growth fueled by accelerating digital transformation during the pandemic.

The layoffs come two years after McKinsey’s 650 employees selected Bob Sternfels to succeed Kevin Sneader at the helm of the company.

Mr. Sneader’s brief tenure was marked by court cases in the United States accusing McKinsey of contributing to the opiate crisis by advising pharmaceutical companies such as Purdue Pharma, maker of the pain reliever OxyContin.

McKinsey agreed in February 2021 to pay $573 million to resolve these lawsuits.

The company did not immediately respond to a request from AFP.