Consulting firm McKinsey plans to lay off 2,000 people

Consulting firm McKinsey plans to lay off 2,000 people


Consultancy firm McKinsey plans to cut its workforce by 2,000 jobs, one of its biggest redundancy plans, according to the Bloomberg news agency.

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 employees affected could still change.

This social plan should primarily target administrative staff, i.e. employees who do not interact directly with clients.

McKinsey wants to centralize consultant support tasks and save money after recruiting a lot in recent years.

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 US corporations, particularly in the tech sector, have implemented layoffs in recent months, following years of rapid growth fueled by the accelerated digital transition during the pandemic.< /p>

The layoffs come two years after McKinsey's more than 650 associates selected Bob Sternfels to replace Kevin Sneader at the helm of the company.

Mr.  Sneader was particularly marked by lawsuits in the United States, accusing McKinsey of having contributed to the opiate crisis through his advice to pharmaceutical companies such as Purdue Pharma, the maker of the painkiller OxyContin.

McKinsey had agreed in February 2021 to pay 573 mill ions of dollars to settle these lawsuits.

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