McKinsey & Co. to Cut 1,400 Jobs in Streamlining Plan Management consulting firm McKinsey & Co. has announced plans to cut about 1,400 jobs, marking a rare round of significant job cuts for the company. The restructuring will involve reorganizing support teams, reducing the workforce, or redeployment to other roles. The amounts represent about 3% of the firm's headcount, which has proliferated recently, increasing from 17,000... (27 views)
McKinsey Considers Significant Job Cuts in Back-Office Operations McKinsey is reportedly considering significant job cuts of up to 2,000 in its back-office operations, in what could be one of the company's largest rounds of layoffs. The exact number of jobs that may be affected has not been finalized, but could range from several hundred to a few thousand. The restructuring is aimed at redesigning the way non-client-serving teams work to... (31 views)
Mass Layoffs Announced by Major Companies Amid Recession Fears Boeing confirmed that it plans to lay off around 2,000 workers in finance and human resources this year, as U.S. companies continue to implement job cuts amid recession fears. Other companies also announced layoffs in January 2023, including FedEx, Rivian Automotive, PayPal, HarperCollins, HubSpot, Philips, Hasbro, Dow, IBM, SAP, Groupon, Vacasa, 3M, and Gemini. The cuts... (6 views)
State of the Legal Industry: Facing Challenges, but Opportunities Ahead The 2023 Report on the State of the Legal Market, released by the Center on Ethics and the Legal Profession at Georgetown Law and the Thomson Reuters Institute on January 10th, is more relevant than ever as we enter a year of uncertainty. The report confirms this and will delve into specific points, but it's important to remember that contractions in the legal industry are... (2 views)
Learn More About Wachtell, Lipton, Rosen & Katz: A Prestigious Law Firm This David has taken on multi-billion dollar Goliaths and remains one of America's top corporate firms despite, or perhaps because of, its small size. (3912 views)