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The Latest Breaking News from McKinsey

Stitch Fix shows limits of consulting-to-CEO pipeline

Consultants can make good CEOs—with some operational training first.

Boards love CEO candidates with consulting experience—but there’s a catch

Boards love CEO candidates with consulting experience—but there’s a catch

Fortune 500 companies are filled with CEOs who have consulting experience, but they also have other roles before they take the top job.

Mette Lykke took 3 major risks to become a CEO

Mette Lykke took 3 major risks to become a CEO

Quitting her McKinsey job was the first step.

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Too Good To Go CEO's break came by quitting consulting without a plan

The Danish self-starter tossed in the towel on her McKinsey consultancy career to launch a business in 2007. Now she’s the CEO of the fastest-growing sustainable food app.

The NFL’s Washington Commanders has a new CFO. Here’s his fall checklist

A high-stakes issues expert weighs in on what Craig Fischer must do inside the organization.

Will generative A.I. be good for U.S. workers?

Yes, if it is managed right.

Meet your new bartender: a teen

At least nine states in the U.S. have introduced bills to lower the alcohol service age since 2021.

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Unconventional luxury brand collaborations are everywhere. What is the appeal?

In 2017, Louis Vuitton caused a stir in the luxury industry by partnering with the New York skateboarding brand Supreme.

The Conversation

12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study

12 Million US Workers May Need To Switch Jobs By 2030 Due To AI: Study

By 2030, generative AI is projected to significantly disrupt the U.S. Workforce

The winners and losers of the new A.I. job market, as predicted by McKinsey

The winners and losers of the new A.I. job market, as predicted by McKinsey

Workers in customer-facing roles and low-wage positions are more likely to need to switch jobs.

Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030

Generative A.I. will upend the workforce, McKinsey says, forcing 12 million job switches and automating away 30% of hours worked in the U.S. economy by 2030

It won’t cause long-term job losses, McKinsey says—instead it will lead to a wholesale redistribution of the workforce.

Your middle managers are more valuable than you might think

Your middle managers are more valuable than you might think

Despite the recent trend to flatten organizations, middle managers remain integral at top-performing companies.

Banks have used A.I. for decades—but now it’s going to take off like never before

Banks have used A.I. for decades—but now it’s going to take off like never before

A new wave of AI tools is poised to turbocharge innovation in finance—look for hyper-personalized credit cards before long.

Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare

Demand for urban real estate will be challenged for the rest of the decade. Here’s how the world’s superstar cities are projected to fare

In just nine cities, $800 billion of office space could become obsolete by 2030. The reduced demand would have major impacts on urban stakeholders.

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Surprisingly, bosses are leading the resistance to the five-day office week

This small but mighty bunch actually has the influence to protect their home office life.

These industries have the lowest office attendance rates

Office attendance has stabilized at 30% below pre-pandemic levels, according to a new McKinsey Global Institute report.

What CFOs are saying about A.I. behind closed doors, according to McKinsey

Finance chiefs at some of the world's largest companies gathered to discuss what's top of mind for the second half of 2023.

Citi CEO Jane Fraser: 'We must be proactive about embracing A.I.—it's an essential part of winning in the digital era'

Generative A.I. has the potential to revolutionize all functions across the banking industry, according to Fraser.

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Grant funds clear runway for pollution-busting biofuels

Reducing emissions from flights is the aim of $30 million in grant funding with a recent report calling sustainable fuel the "only viable near-term option".

Even your veteran tech employees will need 'extensive' training to use A.I.

Harnessing the power of A.I. in the workplace requires training employees on how to effectively use the technology.

Maintaining a growth mindset amid a turbulent economy

Financial experts share how success can be significantly influenced by how we perceive our talents and abilities—our growth mindset—and how this applies to the role of the CFO.

The Conversation

How will AI affect workers? Tech waves of the past show how unpredictable the path can be

The explosion of interest in artificial intelligence has drawn attention not only to the astonishing capacity of algorithms to mimic humans but to the reality that these algorithms could displace many humans in their jobs. The economic and societal consequences could be nothing short of dramatic.

How can CFOs have a 'growth mindset' during uncertain times? Finance chiefs at Adobe, e.l.f. Beauty, TD Bank and a McKinsey expert explain

"Not being afraid to take risks is a big part of a growth mindset," Mandy Fields, SVP and CFO at e.l.f. Beauty said.

Why you should advertise turnover to attract talent

A recent study finds applicants respond positively to employers that advertise short-term gains in job postings.

Robotaxis will lead to drop in use of private cars

Privately owned vehicles will make up a smaller and smaller share of global transportation as autonomous vehicles become more feasible and cities fight overcrowding, according to new research.

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