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McKinsey plans thousands of job cuts as slowdown bites
Financial Express Chandigarh
|December 17, 2025
Consulting industry seeing demand slump as clients turn cost-conscious
AS MCKINSEY & Co partners gathered in the consulting giant's birthplace in late October, Bob Sternfels delivered a rallying cry. "We will kick some ass as we start our second century," the firm's top executive told the thousands of attendees.
But away from the 100-year festivities in Chicago, McKinsey bosses have been conveying a more pragmatic message: It's time to get leaner.
The firm's leadership has discussed with managers in non-client-facing departments the need to cut about 10% of headcount across their business, according to people with knowledge of the matter. That could amount to a few thousand job cuts that McKinsey would stagger over the next 18 to 24 months, the people said, asking not to be identified.
This story is from the December 17, 2025 edition of Financial Express Chandigarh.
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