In the last 18 months, McKinsey has released more than 10 percent of staff, undoing a large expansion plan that reached the coronavirus when consulting services were very requested, and the firm increased its workforce for almost two-thirds.
The consulting firm has about 40,000 employees, according to the sources of familiar with this issue, compared to more than 45,000 in late 2023, when the company recently published data.
Releases, which are among the largest in almost 100-year history McKinsey, reflect abruptly deceleration of revenue growth in the entire consulting services market. The group was also affected by $ 1.6 billion court settlements for working for American opioid producers.
In addition to releasing 1400 employees in the background office in the restructuring that began in 2023, McKinsey released 400 experts in areas such as data and software engineering, SEEbiz reports. It also increased pressure on its weakest consultants to give fire through an unusually strictly strict program of the central performance, according to people familiar with this issue.
McKinsey employees increased by almost two-thirds in five years until 2023, because he has expanded outside their basic advisory services to the implementation of higher-scale projects, and business flourished for all consulting firms during the pandemic.
Since the completion of the process of consulting services, the number of employees who voluntarily abandoned professional service groups fell on a record low level. The reduced level of departure surprised many groups, after “high resignation” when the labor market and the effects of the pandemic led to the workers to quit in favor of more cost-effective or better paid roles elsewhere.
Bob Sternfels, Global Control Partner McKinsey, told colleagues last year that the company intends to “return to balance” by the end of 2024. Years.
The decrease in McKinsey employees is in conflicting with a smaller competitor, which last month was reported to a 10 percent increase in 13.5 billion in 2024. year, for about 1,000 people at 33,000. Two years ago, the number of employees amounted to 30,000.
According to the annual reports, McKinsey’s labor force was “more than 45,000” in late 2022. and 45 100 in late 2023. Years. Report for 2024. year, published this month, did not include the number of employees.
(Vijesti.ba)
