Consulting giant faces challenges
McKinsey & Company Initiates Major Layoffs in 2025 Amidst Legal Turmoil and AI Disruption
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McKinsey & Company plans to cut 5,000 jobs in 2025, citing AI advancements and decreased client demand amidst ongoing legal controversies. With 10% of its workforce affected, the layoffs are the largest in recent years. Critics argue that financial pressures from past settlements and reputation damage are the real drivers, drawing parallels to similar tech industry reductions.
Introduction to McKinsey's 2025 Layoffs
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Stated Reasons for the Layoffs
Unstated Contributing Factors
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Historical Context of Layoffs at McKinsey
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Comparison with Tech Industry Layoffs
Criticisms and Public Reactions
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Economic and Social Implications
Political and Long-Term Consequences
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