Consulting firm McKinsey plans to cut its workforce by 2,000 jobs, one of its biggest layoff plans, according to the news agency. Bloomberg. The American company currently employs 45,000 people, according to an article published on Tuesday, compared to 28,000 five years ago.
According to anonymous Bloomberg sources, the number of affected employees could still change.
McKinsey wants to centralize consultant support tasks and save money after heavy hiring in recent years.
Record turnover in 2021
Founded in 1926 in Chicago, and present in more than 130 countries, the firm reached a record turnover of 15,000 million dollars in 2021, and exceeded this figure in 2022, according to one of the sources of Bloomberg.
Many large US companies, especially in the technology sector, have made layoffs in recent months, following years of rapid growth fueled by the accelerated digital transition during the pandemic.
The layoffs come two years after approximately 650 McKinsey associates selected Bob Sternfels to replace Kevin Sneader at the company’s helm.
Kevin Sneader’s short term was particularly marked by lawsuits in the United States, accusing McKinsey of having contributed to the opioid crisis through its advice to pharmaceutical groups such as Purdue Pharma, maker of the pain reliever OxyContin.
McKinsey agreed in February 2021 to pay $573 million to settle these lawsuits.
Source: BFM TV
