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The company is planning deep cuts across its non-client-facing staff, Bloomberg reports, as much as 10% of headcount within some areas, a move that could eliminate several thousand jobs over the next 18 to 24 months. ...
But AI has also opened up consulting opportunities as major firms advise the globe's biggest companies on how to integrate the new technology — making it difficult to get a precise read on the overall consulting industry's state. ...
McKinsey’s move lands with particular symbolic weight because of the firm’s cultural role in white-collar America. When McKinsey — an emblem of elite professions — lays off workers, it often means the larger white-collar labor cycle has turned negative. ...
See the full story here: https://qz.com/mckinsey-layoffs-white-collar-jobs-ai