McKinsey layoffs show white-collar job cuts are spreading

McKinsey & Co., the business strategy consulting firm that has long advised CEOs and Fortune 500s on how to “streamline” their workforces, is now preparing to cut its own workforce. 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. The job cuts come at a moment of simultaneous growth and contraction for the consulting industry. After a mul ...