On Tuesday, New York-based US consulting firm McKinsey & Co said it plans to cutting 2,000 jobs out of 45,000 remaining in the United States, this is part of a restructuring of a team and support staff that have not served clients in over a decade.
The company said in a statement that the layoffs are part of a new project called Magnolia, which seeks, among other things, to maintain the compensation fund of its partners. Also, as part of this plan, some working groups will be merged to prioritize and centralize roles.
A spokesman for consultant DJ Carella said the company is still hiring, but specifically for customer service. In 2021, the company achieved a record revenue of $15 billion. a figure that was surpassed last year.
In making this decision, McKinsey & Co, known for advising companies, governments and institutions on projects and layoffs, joins other large companies in layoffs to cut costs amid economic turmoil who lives in the country
In the 90s It was McKinsey consultants who promoted and popularized the phrase “War for Talent”. which rose again during the pandemic due to the high hiring levels that affected many companies last year, which have now decided to cut back on their growth.
KPMG, a company that offers advice, legal and tax advice worldwide, also announced last week that it is cutting 2% of its wages at US offices.being also the first of the major accounting firms to take this measure.
Twilio announced a 17% reduction in staff and the closure of offices.
Zoom CEO to take 98% pay cut after layoffs of 1,300 employees
Source: La Opinion
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