McKinsey layoffs are reportedly starting as soon as this week. The consulting giant that is reportedly planning to start this rare round of job cuts, may eliminate as many as 1,400 roles.
According to a Bloomberg report, McKinsey layoffs come at a time when the company has seen rapid growth in its headcount over the past decade. Since the time is grim due to a global economic downturn, McKinsey is now restructuring and engaging in these mass layoffs. The total layoffs at McKinsey reportedly amount to almost 3 per cent of the workforce.
“The painful result of this shift is that we will have to say goodbye to some of our firm functions colleagues, while helping others move into new roles that better align to our firm’s strategy and priorities……. Starting now, where local regulations allow, we will begin to notify colleagues who will depart our firm or be asked to change roles, Bloomberg quoted Bob Sternfels, global managing partner, as saying in a note to McKinsey staff.
About a month back, reports about McKinsey layoffs surfaced that suggested that the firm may eliminate as many as 2,000 jobs. While the exact time or which roles will be impacted was not clear, it was certain that like many other companies facing troubles, even McKinsey is not spared.
McKinsey layoffs reportedly are expected to impact job roles that don’t have direct contact with employees. However, more would only be known once layoffs officially begin.
