<ul><li>McKinsey &amp; Co is reportedly planning to cut around 2,000 jobs, primarily in its support staff, according to sources cited by Bloomberg News.</li><li>The move is said to be part of the consulting giant's Project Magnolia, which aims to restructure the way its non-client-serving teams operate to better support and scale with the firm.</li><li>The layoffs follow similar moves by other professional services firms, including KPMG, which recently announced plans to cut nearly 2% of its US workforce.</li></ul>

McKinsey to cut 2,000 jobs in one of its biggest layoffs: Reports

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