McKinsey Paying Top Talent to Leave Amid Consulting Slump;

Posted by Ed 17 days ago

Consulting firm McKinsey & Co. is paying its underperforming staffers to embark on the job hunt.

McKinsey has grown its staff size to about 45,000 employees — an increase of 60% from 28,000 employees in 2018.
Layoffs at major consulting firms have become almost run-of-the-mill as they try to pare back their bloated headcounts following a pandemic-era hiring craze. In March 2023, McKinsey culled 1,400 jobs in a rare — but sweeping — headcount reduction, Bloomberg reported at the time. 

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