The report said the move is expected to focus on support
staff who do not have direct contact with clients of the
company, known for advising businesses on a variety of projects
including layoffs.
"We are redesigning the way our non-client-serving teams
operate for the first time in more than a decade, so that these
teams can effectively support and scale with our firm," a
company spokesperson said in an emailed statement to Reuters.
The Bloomberg report said the layoffs are a part of
Project Magnolia, which the consulting firm hopes will help
preserve the compensation pool of its partners. It added that
McKinsey is looking to restructure how it organizes its support
teams to centralize some of the roles.
Last week, the Financial Times reported that KPMG was
cutting close to 2% of its workforce in the United States, a
move which made it the first of the world's four biggest
accountancy firms to slash jobs in the country.
(Reporting by Anirban Chakroborti in Bengaluru; Editing by
Shinjini Ganguli and Subhranshu Sahu)
(Adds company response)
Feb 21 (Reuters) - Consulting giant McKinsey & Co is
planning to cut about 2,000 jobs, in one of its biggest round of
layoffs, Bloomberg News reported on Tuesday, citing people with
knowledge of the matter.
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