Discussing a 10% workforce reduction in non-client-facing departments.
- Whatever goes around comes around - "It's the kind of advice the firm might offer one of its clients, and comes after headcount exploded between 2012 (17,000) and today (40,000). " Enough said !!
- "The advisory model is dying - consultancies would increasingly need to underwrite outcomes rather than bill hours" .. Duh !
https://www.bloomberg.com/news/articles/2025-12-15/mckinsey-executives-plot-job-cuts-in-slowdown-for-consulting-industry