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This move by McKinsey is its latest effort to decrease its workforce in response to a downturn in the sector. Managers in the UK division are being offered the opportunity to devote up to nine months to a "job search" period.
While KPMG - part of the Big 4 consulting firms - and another American major Mckinsey & Company, are undergoing a retrenchment exercise in major economies, in India most of the prominent consulting firms are in hiring mode.
Average listing gain (based on closing price on listing date) increased to 29 per cent, in comparison to 9 per cent in 2022-23.
Dell Layoffs: Dell expects net revenue in its client solutions group (CSG) - home to PCs - to grow for the entire year, it said on Monday. The segment's revenue had fallen 12% in the fourth quarter.
The merchandise trade deficit at USD 71.6 billion was marginally higher than USD 71.3 billion during the third quarter of 2022-23.