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Consulting firms step up efforts to push out their low performers

McKinsey’s mid-year reviews are the latest attempt to increase ‘attrition’
There is a slump in voluntary departures at professional services firms

As McKinsey’s 3,000 partners gathered this week in Copenhagen for their first in-person meeting in two years, the firm’s leadership was projecting a positive message and pointing to a consulting market that appears to be picking up after more than a year of sluggish growth.

The mood in the halls was somewhat more nuanced, however, because an upturn has not come soon enough to prevent another big push to cut staff numbers across the 45,000-person firm.

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