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McKinsey Layoffs 2023: The biggest hit of the global recession has been on the employees working in big companies. In the last few months, many big companies like Twitter Layoffs, Meta Layoffs, Amazon Layoffs, Microsoft Layoffs, Google Layoffs etc. have laid off their employees. Now the name of another legendary consulting firm McKinsey & Co has also been added to this list. According to Bloomberg’s report, the company is going to start layoffs from this week itself. This is going to affect 1,400 employees.
According to the report, the company’s management has made a plan to lay off a total of 1,400 employees. In the recent past, the company had rapidly recruited employees. After this, now the company is restructuring the number of employees again to reduce its expenses. The company’s decision to retrench is going to affect a total of 3 percent of its employees.
McKinsey said this on retrenchment
Talking to Bloomberg, the company’s Global Managing Partner Bob Sternfels has said that this decision has been very difficult for us too. We are very sad to lay off the employees but this is a very important decision for the company. The future decisions of our company are related to this. Last month, Bloomberg claimed in its report that McKinsey is planning to lay off a total of 2,000 employees. Along with this, McKenzie had told that as the company designs the team for its customers, similarly it is designing the team here too. This will make the work of the company even better.
So many employees work in the company
Along with this, the company had told last month itself that the effect of retrenchment will be maximum on those employees who have nothing to do with the customers. At the same time, it will not affect the employees related to the customer and in this section the company will recruit more people. According to Bloomberg, the company currently has a total workforce of 45,000 people. On the other hand, no clear data has been released by the company on how many more people will be retrenched. It is worth noting that McKinsey had earned a record $ 15 billion in the year 2021. At the same time, in 2022, the company’s earnings figure had also crossed $ 15 billion.
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