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McKinsey & Company | Global news | Page 2

An overview of McKinsey & Company global news:

United Kingdom

Office time of average London worker falls to just three days Two years on from the extensive lockdowns of 2020, office attendance remains much lower across the economy – with the average London worker spending 3.1 days on site.
22 August 2023
Ukraine

BlackRock, JPMorgan and McKinsey working on Ukraine reconstruction bank Having been ravaged by war since the invasion of Russian troops in 2022, estimates suggest it will take Ukraine more than $400 billion to rebuild.
18 August 2023
India

Reserve Bank of India selects McKinsey and Accenture for AI project The Reserve Bank of India has following a competitive bidding process selected McKinsey & Company and Accenture as its partner for an artificial intelligence project.
12 August 2023
Latin America

Latin America’s changing export sector (and shift away from the US) There is an ongoing transition in Latin America’s markets – international trade is going multipolar, with China taking over major stakes and pushing out the United States.
06 August 2023
Germany

PlayMobil taps McKinsey to help turnaround the business The famous German toy maker PlayMobil is not playing games after a streak of tough circumstances resulted in revenue loss. McKinsey & Company has been engaged to help the company change course.
04 August 2023
Canada

McKinsey partners with generative AI firm Cohere McKinsey & Company has entered a strategic collaboration with Cohere, a Toronto-based developer of enterprise artificial intelligence platforms and large language models (LLMs).
02 August 2023
India

Generative AI to transform India's economy, says McKinsey The recent surge in generative AI technologies is set to affect India's economic landscape, with significant implications for various sectors.
01 August 2023
India

Puneet Chandok (ex-McKinsey) leads Microsoft in India and South Asia Microsoft has appointed Puneet Chandok as Corporate Vice President of its India and South Asia region.
01 August 2023
United States

US consultancies struggling to find projects in China Amid a state security crackdown on the professional services sector and foreign capital flight due to worsening geopolitical conditions, US consultancies are struggling to find work in China, accordi
26 July 2023
Canada

McKinsey pitched Purdue Pharma Canada on boosting opioid sales in 2014 McKinsey & Company pitched Purdue Pharma (Canada) in 2014 on a plan to increase sales of OxyContin and other opioids in the Canadian market, according to a memo obtained by The Globe and Mail.
20 June 2023
India

BCG and McKinsey advising government on digital infrastructure reform The Indian government has engaged Boston Consulting Group and McKinsey to streamline the operations of two of its digital focused entities.
20 June 2023
United States

McKinsey & Company releases 2022 ESG report McKinsey & Company on Tuesday released its 2022 environmental, social, and governance (ESG) report – tracking the management consultancy’s progress on goals in decarbonization and building inclusive
14 June 2023
Europe

Around half of McKinsey's employees use ChatGPT At McKinsey & Company, one of the world's largest management consulting firms, about half of its 30,000 employees now use ChatGPT or similar tools in their work.
14 June 2023
United Kingdom

Rolls-Royce taps McKinsey for organisational restructuring Rumours have begun circulating that Rolls-Royce may be heading for a round of job cuts.
13 June 2023
United States

McKinsey scolded by regulators for weak consulting work at Silicon Valley Bank The US Federal Reserve’s 102-page post-mortem report on Silicon Valley Bank (SVB) criticized McKinsey & Company for consulting work it performed for the now defunct bank in 2020 and 2021.
12 June 2023
Australia

Management consultants to appear at Melbourne energy conference A host of industry-leading consultants are due to appear at the upcoming Australian Energy Week conference in Melbourne, including representatives of McKinsey, Ernst & Young, Accenture and Nous Group
11 June 2023
China

Local apparel and fashion brands in China winning market share Chinese apparel and fashion brands are becoming increasingly competitive in the domestic market, tapping into the growing preference from consumers for local brands.
09 May 2023
United Kingdom

Social mobility could boost UK's flagging economy While some senior economic experts in the UK are advising citizens to make peace with being poorer, for fear of wage rises increasing inflation, research from one of the world’s leading strategy cons
03 May 2023
Asia

The top consulting employers in India, Japan and the Philippines Business networking platform LinkedIn has named its top companies for career progression in 20+ countries worldwide, with multiple consulting firms making the cut across three Asian editions.
02 May 2023
United States

MBB consultancies push back some MBA start dates to next year McKinsey & Company, Bain & Company, and Boston Consulting Group (BCG) have delayed the start dates of some new MBA hires to 2024, according to a Wall Street Journal report.
20 April 2023
United States

McKinsey denies shuttering restructuring division McKinsey has denied a report from The Wall Street Journal saying the consulting firm is shutting down its corporate restructuring practice.
05 April 2023
United States

McKinsey begins cutting 1,400 jobs McKinsey & Company is this week starting a round of layoffs that will affect 1,400 roles primarily in support functions, a person familiar with the matter told Bloomberg News.
30 March 2023
Canada

Internal audits of McKinsey federal contracts raise fairness concerns Internal audits released on Friday pertaining to McKinsey & Company’s federal government contracts raised concerns about fairness, transparency, and conflict of interest, but no conclusive evidence o
30 March 2023
United States

McKinsey offers organizational health index to non-profits A proprietary tool designed by McKinsey to measure organizational health is being offered free of charge to non-profits worldwide, with the firm expressing its critical importance to long-term perfor
20 March 2023
Australia

Coles and Woolworths appoint McKinsey alumni to top-level roles Incoming Coles CEO Leah Weckert and newly-appointed Woolworths director Warwick Bray – both McKinsey alumni – have continued an MBB trend among the leaders of Australia’s supermarket giants.
19 March 2023
Africa

McKinsey backs new agriculture and food initiative in Africa A new initiative called the African Agricultural Transformation Initiative aims to promote inclusive agricultural development in Africa.
15 March 2023
Australia

Large consulting firms rule out Australian job cuts A quick succession of economic cycles has led to many recent highs and lows for the consulting market, with a current downturn threatening jobs.
12 March 2023
United Kingdom

McKinsey could axe 2,000 jobs despite 'record year' After reporting an excellent year in terms of revenue, McKinsey & Company has surprised industry experts by announcing plans to cut up to 2,000 staff.
27 February 2023
Australia

Job cuts coming at McKinsey despite $440 million Australia take Global strategy consulting firm McKinsey continues to make significant sums in Australia but avoids paying dues.
23 February 2023
United States

McKinsey & Company to cut approximately 2,000 jobs Consulting firm McKinsey & Company plans lay off approximately 2,000 employees, Bloomberg reported on Tuesday.
23 February 2023
United Kingdom

The candidates favoured by MBB recruiters New research has revealed some of the key traits of successful applicants for UK jobs at the world’s top strategy consultancies.
23 February 2023
Canada

Conservatives ask auditor general to investigate Liberals' McKinsey contracts The federal Conservatives has asked the auditor general to investigate the Liberal government’s heavy spending on consulting contracts with McKinsey & Company.
10 February 2023

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