Why McKinsey is paying staff to leave
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McKinsey is offering to pay hundreds of its senior employees to leave the firm and look for work elsewhere, the latest attempt by the consulting giant to reduce staff amid a sector-wide downturn.
Managers at the UK side of the business are being given the chance to spend up to nine months “on search”, an internal phrase referring to employees who are spending their time looking for a new job, rather than working on client projects. Staff would still be receiving their full salary, which would run into the hundreds of thousands of pounds if they spent the maximum nine months trying to find employment elsewhere.
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