McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry

As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second...

By Sridhar Natarajan, Ambereen Choudhury · Bloomberg Markets

As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s top executive told the thousands of attendees.