McKinsey

McKinsey cuts about 200 tech jobs, shifts more roles to AI

The company is not ruling out additional reductions across different functions over the next two years

Firms have quickly sought to placate the new administration by stripping down their DEI goals. Deloitte’s American branch has told those working with the federal government to remove their pronouns from their e-mail signatures.

Elon Musk spells danger for Accenture, McKinsey and their rivals

Why the American government could turn against consultants

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.

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

HIGHER profits enjoyed by global banks over the last two years could prove “fleeting”, consultants at McKinsey & Co warned in their annual state of the industry report, predicting headwinds from lower...

McKinsey has found in its own research that flexible work arrangements have been especially valued by working women.

McKinsey weighs asking staff to come to office more often

MCKINSEY & Co is considering upping the amount of days it expects staffers across North America to spend in the office each week as the consultancy joins a raft of large firms looking to limit remote ...

Budget-tightening at companies in Singapore may dampen demand for consulting services, though this should not result in major layoffs here.

Global wave of consultancy layoffs has not hit Singapore

Such retrenchments may eventually happen but on a limited scale, say watchers

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

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

MCKINSEY & Co is beginning to eliminate roughly 360 jobs as the consulting giant deals with a slowdown in demand for its services.

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

McKinsey offering some staff nine months’ pay to leave firm

MCKINSEY & Co has made a unique offer to some of its staff: Take nine months’ pay and go away.

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.

Have McKinsey and its consulting rivals got too big?

The golden age for CEO whisperers may be coming to an end

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

Powerful firms that put the ‘con’ into consulting

Conflicts of interest, poor culture and lack of transparency in the consulting industry cost the public billions and hollow out public institutions

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

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

DEMAND for strategy and technology-related consulting services could fall as businesses reduce growth plans and tighten budgets amid economic weakness, said market watchers.