The Business Times
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McKinsey

Global Enterprise

Wall Street banks offer UAE staff option to relocate temporarily

Firmwide revenue has hovered around US$15 billion to US$16 billion in the last five years, though Sternfels told partners that the company is seeing improving growth.
Banking & Finance

McKinsey plots thousands of job cuts in slowdown for consulting industry

McKinsey is closely assessing what tasks can be carried out by AI.
Companies & Markets

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

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.
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 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, though this should not result in major layoffs here.
Companies & 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?

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