<ul><li>McKinsey, the global consulting firm, has trimmed its workforce by about 10% in the largest downsizing exercise.</li><li>The workforce reduction comes after a period of rapid expansion during the pandemic, with employee numbers dropping from over 45,000 to about 40,000.</li><li>The downsizing was driven by slow revenue growth following the pandemic boom, leading to restructuring efforts and job cuts, including 1,400 back-office roles and 400 data specialists.</li><li>Facing financial challenges, including settling a billion-dollar lawsuit, McKinsey aims to restore profitability amidst improved performances by competitors.</li></ul>

McKinsey trims global workforce by 10% in largest downsizing exercise

Discover more