Overview

• The firm’s headcount has fallen from more than 45,000 at the end of 2023 to about 40,000 today after an 18-month downsizing campaign.
• Restructuring began in 2023 with the elimination of 1,400 back-office roles and later the dismissal of 400 data and software engineering specialists.
• A February 2024 performance review assigned roughly 3,000 staff poor ratings, accelerating exits under the firm’s traditional evaluation process.
• McKinsey has paid about $1.6 billion in settlements over its opioid-related consultancy work and saw a former partner sentenced for deleting project emails.
• Despite the workforce reduction, the firm says it will recruit thousands of new consultants to support its next phase of expansion.