The Business Times

McKinsey

Global Enterprise

Elon Musk spells danger for Accenture, McKinsey and their rivals

A McKinsey report says that under some scenarios, recent profitability could only be maintained if banks cut costs at five times their usual annual rate, a tall order for an industry that has struggled to meaningfully boost productivity.
Banking & Finance

McKinsey warns banks of ‘fleeting’ profit rebound as declining rates set to bite

McKinsey, for its part, has found in its own research that flexible work arrangements have been especially valued by working women.
Working Life

McKinsey weighs asking staff to come to office more often

Budget tightening at companies in Singapore may dampen demand for consulting services, watchers agree.
SpotlightCompanies & Markets

Global wave of consultancy layoffs has not hit Singapore

McKinsey has more than 45,000 staffers in 130 cities around the world, according to its website.
Banking & Finance

McKinsey begins hundreds of job cuts with client demand muted: sources

McKinsey and its peers in the consulting world have trimmed headcount, delayed start dates and slowed the pace of hiring over the past year.
Banking & Finance

McKinsey offering some staff nine months’ pay to leave firm

Not long ago, the consulting industry looked indestructible. Now, however, growth has been soggy for this “Great Eight”, slowing to around 5 per cent in 2023.
Opinion & Features

Have McKinsey and its consulting rivals got too big?

Besides consulting, the Big Four also help multinational corporations minimise tax while simultaneously acting as "gatekeepers" in auditing the same big companies.
Opinion & Features

Powerful firms that put the ‘con’ into consulting

Market watchers said weak global growth has been dampening demand for consultancy, both worldwide and in Singapore.
Companies & Markets

Demand for strategy, tech-related consulting could fall amid downturn: analysts

Companies in industries from finance to technology to retailing are reducing staff amid a slowdown in demand and predictions of a looming recession.
Companies & Markets

McKinsey plans to eliminate about 2,000 jobs in one of its biggest rounds of cuts

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