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According to Trueup.io data, which tracks tech layoffs, so far in 2023, there have been 534 layoffs at tech companies with 153,005 people impacted (2,732 people per day). ....
Reportedly, the layoffs are reportedly part of Project Magnolia , which the consulting firm hopes will help preserve the compensation pool of its partners. ....
Global management consulting firm McKinsey & Co has become the latest corporate giant that is showing the door to its employees. The company is planning to eliminate about 2,000 jobs, one of the consulting giant s biggest rounds of cuts ever, reported Bloomberg. aaa ....
Under a plan dubbed Project Magnolia, the management team is hoping the move will help preserve the compensation pool for its partners, the people said, asking not to be identified discussing non-public information ....