The consulting giant is considering cutting about 10 per cent of its global headcount in staggered layoffs over the next two years, unidentified sources told Bloomberg, after the firm has struggled to grow its revenue for the past five years. (Bloomberg)

Talking point: It’s one of several consulting firms that’s been trimming jobs over the past few years, as major government clients try to off-load consulting costs and artificial intelligence automates entry-level work like writing report drafts or creating slide decks. A McKinsey spokesperson suggested to Bloomberg that the firm is trying to make its “support functions”—a phrase often used to describe back-office jobs like human resources and IT—more efficient. Bloomberg’s sources said that the firm does still plan to hire more consultants.