McKinsey & Company confirmed global job cuts in its technology division after the firm advanced its internal use of artificial intelligence. The reduction of about 200 roles occurred over the past week across several countries, according to media reports. The company said the restructuring supports its effort to streamline support functions at a time of rapid AI adoption.
What changed in McKinsey’s workforce
The firm has been expanding tools that automate routine activities within support teams. Managers are reviewing tasks to determine which responsibilities can shift to machine-led systems. McKinsey stated that AI offers new operational possibilities and said its goal is to make core processes faster and more efficient. The company will continue to keep roles that rely on judgement, client work and contextual decision-making.
Impact on consulting and other sectors
The job cuts align with cost reviews underway across consulting firms as clients adjust budgets and regulatory expectations shift. Reuters has reported that companies in multiple industries are examining cost structures as automation becomes more viable. Accenture is following a similar path by training 700,000 employees in AI tools while retiring positions that are unable to transition. Industry data also indicates that global banks may reduce up to 200,000 roles in the next three to five years as AI handles more operational and analytical work.
How companies are responding
McKinsey’s leadership has told employees that hiring will continue for roles tied to client engagement and complex problem-solving. Bob Sternfels, the global managing partner, said human-machine collaboration will be central to upcoming workflows.
In financial services, JPMorgan Chase chief executive Jamie Dimon has said that AI will reshape staffing needs while raising productivity. Citigroup has estimated that automation could contribute up to $170bn in banking profits by 2028 and may replace more than half of existing job categories.
What comes next
The job cuts highlight how AI is beginning to influence long-established consulting structures. With more than 40,000 employees and 3,000 partners worldwide, McKinsey’s shift signals broad adjustments to talent models as firms prepare for data-driven operations.
