McKinsey cuts hundreds of jobs in China business, WSJ reports

The company has been separating the China unit from its global operations to reduce security risks with doing business in the country, the report said, citing people familiar with the matter. McKinsey has reduced its workforce in Greater China, including Hong Kong and Taiwan, by hundreds of employees over the past two years, the report said. In June 2023, the firm had listed nearly 1,500 employees on the Greater China website, the report added.

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Author: Reuters