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The Latest Breaking News from McKinsey

McKinsey to cut about 2,000 jobs in one of its biggest headcount reductions

McKinsey Co plans to eliminate about 2,000 jobs, one of the consulting giant’s biggest rounds of cuts ever.

The Times of India

Return-to-office mandates threaten corporate diversity goals

Remote work made it easier to hire Black workers, most of whom live outside corporate hubs like New York City and San Francisco. A return to the office could undo those gains.

Fortune

$Secrets of a fractional CFO$

Secrets of a fractional CFO

In just a day or two each week, fractional CFOs can move the needle at companies.

Fortune

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read the most diverse news in one place.

The Big Con by Mariana Mazzucato and Rosie Collington review – how consultancy firms cash in

From Puerto Rico’s bankruptcy to Britain’s Covid contracts, the private firms taking over public life

The Guardian - UK

Mariana Mazzucato: ‘The McKinseys and the Deloittes have no expertise in the areas that they’re advising in’

The economist argues that consultants are hobbling the state’s ability to perform the role of economic motor

Financial Times

How McKinsey reached over 150,000 job candidates using a video game

McKinsey is throwing out its old recruiting playbook and seeking new sources for talent.

Fortune

Middle managers embrace wokeness because it increases their influence and job security, new paper says

“Woke” culture could be costing companies, the authors say.

Fortune

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Dominic Perrottet defends appointment of Liberal donor brother of Angus Taylor to NSW body

Exclusive: Party treasurer Charlie Taylor has attended fundraisers hosted by the minister who appointed him

The Guardian - AU

Auckland was struggling even before the historic flooding

A successful Minister for Auckland could foreshadow a substantially revised Cities and Regions government focus, says Mark Thomas

Newsroom.co.nz

The space industry is attracting new business

The space economy has grown a lot in the last 10 years.

Axios

Oil prices fuel doubling of profits from global commodities trading, report finds

Companies such as Vitol and Trafigura in spotlight over profits after Ukraine invasion

The Guardian - UK

Absence from work at record high as Americans feel strain from Covid

More than a million people have called out sick for the past three years, and CDC says long Covid probably a contributor too

The Guardian - US

Macron campaign accounts cleared by French audit body

French President Emmanuel Macron's 2022 election campaign finances, which came under scrutiny amid a wider controversy linked to U.S. consultancy McKinsey's ties to his government, were cleared by an audit commission, the body said on Friday.

Reuters

China wants a more efficient workforce but analysts say that will be tough

By 2100, China is projected to have a workforce size of less than 400 million.

Axios

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Fortune

Apple, Disney, Salesforce: Why are the world’s best companies failing to innovate on the future of work?

Disney and Apple have adopted a traditionalist perspective on how to innovate, which ironically hinders innovation, writes Gleb Tsipursky.

Reuters

China's pessimistic Gen Z poses challenge for Xi post-COVID

The first weekend after COVID-19 restrictions ended last month, dozens of young Chinese jostled in the dark at a heavy-metal concert in a tiny Shanghai music venue that reeked of sweat and hard liquor.

Fortune

The companies that had the best shareholder return in the previous recessions did these three key things

Despite what you'd think from the latest string of job cuts, history has shown that businesses that made long-term strategic moves before an economic downturn came out on top.

The Walrus

Fast Fashion Is Everywhere on Social Media. How Can Teens Resist?

The sheer volume of super cheap clothes being advertised to young people is alarming—and terrible for the environment

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Fortune

If you think your company isn't a software company, you're mistaken, according to McKinsey

Traditional companies realize they must look, think, and act like a software company to stay competitive, research finds.

Fortune

Remote work for women leads to more household and family tasks than for men

Most women want to work from home, but many are getting the short end of the stick in the post-pandemic revolution.

Fortune

Fortune Crypto's 2022 Jealousy List

Here are some of the best crypto—and a few non-crypto—stories our reporters and editors read in 2022.

Fortune

In turbulent times, go for growth

Now is the moment to make the intentional choice to grow, and then act on that basis.

Sports Illustrated

Jeff Luhnow’s Next Act: Soccer

The scandal-marked former Astros GM says he has nothing to apologize for.

Fortune

Stop investing so much in A.I. technology

Invest more into what helps you create A.I. applications faster and easier.

The Conversation

Nurses: attracting more men to the profession could help with talent shortage

Seldom has the state of the NHS workforce been more in the public consciousness. A global survey of nurses undertaken by the consultancy firm McKinsey in the summer of 2022 highlighted the perilous state of the sector. The survey, which was conducted in France, Singapore, Japan, the US, Australia, Brazil…

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