Global consulting giant McKinsey has initiated a program offering substantial payouts for senior staff to voluntarily exit, aiming to trim its workforce amidst industry-wide challenges. According to The Times, this move reflects McKinsey’s efforts to adapt to market downturns. UK managers have the option to engage in a nine-month “job search” phase, wherein they can exclusively focus on finding new employment opportunities rather than client projects.
Throughout this period, they will receive their full salaries, potentially totalling significant sums, providing financial support during their transition. This initiative underscores McKinsey’s proactive approach to managing workforce adjustments in response to prevailing market conditions.
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