McKinsey is cutting 500 jobs in China, reducing staff by a third to minimize security risks and distance from government clients.
McKinsey’s Job Cuts in China
McKinsey & Company plans to reduce its workforce in China by about 500 positions, equating to a one-third decrease. This strategic shift is part of a larger initiative to minimize political and security risks while distancing the firm from government-related clients.
Strategic Restructuring
The layoffs are part of ongoing reductions across Greater China, impacting hundreds over the past two years. McKinsey is also separating its China operations from its global structure to enhance security and address the unique challenges of the Chinese market.
