Overview

• Headcount declined from over 45,000 at end-2023 to around 40,000 today after two rounds of cuts across 18 months.
• The firm eliminated 1,400 back-office roles in early 2023 and dismissed 400 data and software engineering specialists later that year.
• A stricter February 2024 performance review saw about 3,000 consultants rated underperforming and guided to exit under the “concerns” process.
• McKinsey has paid roughly $1.6 billion to settle claims over its advice to US opioid manufacturers and saw a former partner sentenced for deleting related emails.
• Despite recent reductions, the consultancy plans to recruit and onboard thousands of new consultants over the coming year.