McKinsey Starts Hundreds of Job Cuts as Client Demand Slows (1)

McKinsey & Co. is beginning to eliminate roughly 360 jobs as the consulting giant deals with a slowdown in demand for its services.

The reductions are global and will affect employees across a variety of divisions including design, data engineering, cloud and software, according to people familiar with the matter. The cuts are expected to impact about 3% of the 12,000 staffers who are considered specialists or have technical expertise that work alongside the firm’s traditional consultants, one of the people said, asking not to be identified discussing personnel information.

“We invest to grow capabilities that match our clients’ priorities, ...