Management is supposed to communicate to managers that the company needs to slim down its support structure. At the same time, McKinsey still wants to recruit consultants, i.e. strengthen the revenue-generating part of the business while limiting support functions.
The company's revenues have been around USD 15–16 billion for several years, and growth is expected to be weaker than in the period of intensive employment.
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The number of employees increased from 17,000. in 2012 to approx. 45 thousand in 2022, then dropped to around 40,000. The company's spokesman emphasizes that McKinsey wants to increase efficiency, including: in the context of the rapid development of AI.
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The consulting industry is facing greater cost pressures among customers and a decline in demand for traditional services.
McKinsey, like other large companies (including EY and PwC), has already reduced employment, and recently also reduced approximately 200 positions in global IT, partly due to automation and AI.
Controversies and legal settlements related to previous projects that have damaged its image in recent years remain an additional burden for the company.
