ArdorComm Media News Network
November 28, 2025
McKinsey & Co. has laid off around 200 technology employees over the past week as it accelerates the use of AI to automate internal functions. According to sources, the firm may implement additional job reductions across various teams over the next two years as it evaluates which tasks can be fully handled by AI systems.
A spokesperson said the company is focused on improving efficiency through AI-enabled workflows, calling the technology a major driver of “unprecedented opportunity and impact” for both the firm and its clients.
Global Managing Partner Bob Sternfels previously stated that McKinsey will continue investing in client-facing roles, while tightening headcount in other areas. The firm currently employs about 40,000 people, including roughly 3,000 partners.
The broader consulting industry is facing economic pressures, from tighter corporate budgets to policy shifts. Rival Accenture Plc has also warned that US federal spending cuts may slow growth next year. CEO Julie Sweet noted that the company is reducing roles that cannot be retrained as it expands AI-driven services.
AI’s rapid advancement is reshaping the global workforce. Analysts at Bloomberg Intelligence estimate that banks worldwide could cut up to 200,000 jobs within five years due to automation. At the same time, major lenders like Citigroup Inc. forecast AI could add $170 billion to industry earnings by 2028, with more than half of banking roles carrying high automation potential.
Source: Bloomberg