The American company currently employs 45,000 people, compared to 28,000 five years ago.
Consulting firm McKinsey plans to cut its workforce by 2,000 jobs, one of its biggest redundancy 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 sources from Bloomberg, the number of employees affected could still change. This social plan should primarily target administrative staff, that is, employees who do not interact directly with customers. McKinsey wants to centralize consultant support tasks and save money after having recruited a lot in recent years.
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Founded in 1926 in Chicago, and present in more than 130 countries, the firm achieved a record turnover of 15 billion dollars in 2021, and exceeded this figure in 2022, according to one of the sources of Bloomberg. Many large U.S. companies, especially in the tech sector, have rolled out layoffs in recent months, following years of rapid growth fueled by the accelerated digital transition during the pandemic.
The layoffs come two years after McKinsey’s approximately 650 associates chose Bob Sternfels to replace Kevin Sneader at the helm of the company. The latter’s short tenure was particularly marked by lawsuits in the United States, accusing McKinsey of having contributed to the opiate crisis through his advice to pharmaceutical groups such as Purdue Pharma, the maker of the painkiller OxyContin.
McKinsey agreed in February 2021 to pay $573 million to settle these lawsuits. The company did not immediately respond to a request from AFP.
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