Well. More for the deserving senior execs. LOL
(Reuters) - Consulting giant McKinsey has cut its new partner class by about a third, the Wall Street Journal reported on Wednesday.
McKinsey recently told employees about 250 people would become partners early next year, down from about 380 previously, the report said citing people familiar with the matter.
And it appears this type of action will occur throughout businesses.
Companies across industries including consulting have been facing the headwinds amid ongoing economic uncertainties that has prompted firms to cut jobs and freeze starting salaries.