McKinsey & Company has announced the elimination of approximately 200 technology roles worldwide, representing about 0.5% of its global workforce of 40,000 employees, as part of a strategic shift toward automation driven by Artificial Intelligence.
The job reductions primarily affect non-client-facing positions, with the consulting giant leveraging its proprietary generative AI platform, Lilli, to streamline tasks such as creating presentations and drafting proposals. Over 75% of McKinsey employees use Lilli monthly, signaling deep integration into daily operations.
Global managing partner Bob Sternfels emphasized that while client-facing roles will continue to grow, AI is enabling the firm to reduce reliance on junior analysts for repetitive tasks. He stated that humans and AI can collaborate to enhance performance and deliver better client results, with a focus on retaining roles requiring critical thinking and creativity.
This move reflects broader industry trends, with competitors like Accenture also investing in AI and retraining staff. Reports indicate that global banks, including JPMorgan Chase and Citigroup, may cut up to 200,000 jobs over the next three to five years due to AI adoption, with Citigroup predicting AI could add $170 billion to banking profits by 2028.
McKinsey's workforce has gradually decreased from over 45,000 to around 40,000, underscoring a structural shift in consulting models away from traditional pyramid structures toward AI-driven efficiency.
