McKinsey planning to cut down 10% of workforce: Report

New York-based consulting firm McKinsey & Company is planning to cut about 10% of its workforce, mainly in non-client-facing roles, due to the slowdown in the consulting industry and flatlined revenue growth, Moneycontrol reported. That could potentially amount to a few thousand job cuts over the next 18 to 24 months. The company has roughly 40,000 employees.