McKinsey Places 3,000 Staffers on Review as Economies Slow (1)

McKinsey & Co. has warned about 3,000 of the firm’s consultants that their performance was unsatisfactory and will need to improve.

The firm gave these employees a so-called “concerns” rating as part of their performance reviews in recent months, according to people familiar with the matter. With that rating, employees are typically given about three months to show improved performance. If they’re unable to do so, the firm may begin counseling some of them to leave the company entirely.

Bob Sternfels, global managing partner at McKinsey & Co.

Photographer: Hollie Adams/Bloomberg

While the proportion of staffers receiving the “concerns” rating is largely in line with past years, the fact that the ...