Alternatives have been the preserve of institutional investors for decades but now, more than at any other time, a confluence of factors is paving the way for individu.
McKinsey & Company, known for its prestigious alumni and talent development programs, is facing scrutiny from the DOJ for its past advice to opioid companies. Notable alumni include Sundar Pichai, Sheryl Sandberg, and John Malone. Despite its reputation as a talent incubator, McKinsey has faced criticism for its work with Enron and the Saudi Arabian government. The DOJ s investigation adds to the challenges McKinsey faces as it navigates the post-pandemic era and adapts to changing client demands. The firm has not yet responded to requests for comment on the investigation or recent reports of overhiring.
McKinsey Global Institute predicts that emerging market economies like India and China will achieve faster productivity growth and living standards if they maintain a 6% annual growth rate. These economies contributed nearly half of the productivity gains between 1997 and 2022, helping lift nearly a billion people out of poverty.
Blue-collar Jobs: McKinsey & Company forecasts that by 2030, 70 per cent of the 90 million new jobs anticipated in India will fall under the category of blue-collar roles.
McKinsey & Co starts to lay off about 360 employees due to the recent decrease in client demand for its consulting services. Check for further details here. McKinsey Layoffs: Global Management Consulting Firm Initiates Hundreds of Job Cuts Amid Slowing Client Demand.