"If we needed more proof that the traditional consulting model isn't fit for an era that will be defined by AI- this is it. Is McKinsey adapting to AI or being disrupted by it?"

McKinsey plans to reduce its non-client-facing workforce by up to 10%, potentially resulting in thousands of layoffs over the next 18 to 24 months, in response to advances in AI and declining client demand. The firm, which has already reduced its staff from 45,000 to around 40,000, aims to improve efficiency and effectiveness in light of technological changes and industry-wide slowdowns. Discussions on the layoffs are still in early stages, with no final decisions made yet.