Why the Firms That Sell Transformation Are Cutting the Most People
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The consulting industry that sells transformation is being transformed first. McKinsey is cutting 3,000 to 4,000 roles, its largest reduction since 2008.
Archive stub. McKinsey is cutting 3,000 to 4,000 roles, its largest reduction since 2008, concentrated in back-office, junior research, and middle-management layers. [Fast Company] Deloitte is scrapping traditional job titles while committing $3 billion to generative AI. [Fortune] The pyramid model that billed analyst hours is the first casualty of the thing it sells.
Sources: Fast Company · Fortune
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