McKinsey’s Australia and New Zealand operation has reassured the firm’s consultants that they are not being targeted by an internal global review that plans to eliminate about 2000 back-office jobs.
KPMG cited a slowdown in the firm’s management consulting business caused by increasingly cost-conscious clients, but a McKinsey global spokesman said client demand was increasing.
The firm’s local arm has hired 90 new consultants so far this year, on par with its highest-ever local intake in 2022. The new hires include 35 undergraduates, along with a mix of Masters of Business Administration graduates and experienced hires.
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