All articles tagged with #mckinsey and co
A new McKinsey & Co. report predicts that approximately 11 million US workers, or 6.5% of the labor force, will need to switch occupations entirely by 2035 due to AI and automation. While AI is expected to create more jobs than it destroys overall, the transition will be the largest workforce shift in US history. Current labor market stagnation and record-low consumer confidence highlight the urgency of this transition.
McKinsey & Co. is offering underperforming employees nine months' pay and career counseling to help them transition out of the company, as part of its efforts to manage performance and development in a supportive manner amidst a slowdown in the management consulting industry.
McKinsey & Co is offering some employees in the U.K. and the U.S. nine months of pay and career training to leave the firm, as part of an initiative linked to the company's staffing levels. The initiative allows workers to focus on finding a new job for nine months before leaving the consulting firm, with access to career coaching and company-provided tools. The move comes as McKinsey and other consulting firms navigate a slowdown in the industry, which reportedly produces about $860 billion globally.
McKinsey & Co. is offering some UK staff nine months' pay, along with career-coaching services and other resources, to leave the firm, in the latest personnel shakeup at the management-consulting company. This move follows a warning to some US consultants about promotion opportunities running out.
McKinsey & Co. is shutting down its corporate-restructuring practice after facing lawsuits and government investigations related to its work advising troubled borrowers. The consulting firm has laid off some partners in its restructuring unit and others are being absorbed into other practices.