McKinsey cuts 360 jobs in data and software as demand cools
What’s happening at McKinsey & Company?
McKinsey & Company (McKinsey) is reportedly laying off approximately 360 workers as it grapples with a slowdown in demand.
“We invest to grow capabilities that match our clients’ priorities, and adjust the size of a small number of others as appropriate,” a spokesperson told The Business Times in an e-mailed statement.
“As part of this process, some roles will be eliminated within this small number of capabilities.”
The development comes after reports surfaced that the consulting giant was offering certain staffers nine months of pay to find another job.
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• Citigroup to lay off 20,000 workers over the ‘medium-term’
Impact on Canadian staff
It remains unclear if any Canadian employees are affected by the reduction at McKinsey.
According to the company’s LinkedIn page, it has more than 840 workers in the country.
If you’re a non-unionized employee, check out our McKinsey Layoffs guide.
You can also use our free Pocket Employment Lawyer tool for real-time insights.
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About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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