Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
McKinsey & Company, a leading U.S.-based consulting firm, is undergoing a significant restructuring of its China operations. The firm has recently reduced its workforce in the region by approximately 500 jobs, or nearly one-third of its staff, according to a report from the Wall Street Journal. This move reflects McKinsey’s efforts to distance its China business from global operations, citing security concerns related to its government-linked clients.
Workforce Reduction in Greater China
Over the past two years, McKinsey has trimmed its workforce across Greater China, which includes Hong Kong and Taiwan. In June 2023, the company listed around 1,500 employees on its Greater China website, marking a significant reduction in staff.
Separation from Global Operations
The decision to restructure comes as McKinsey navigates the complex business environment in China. By separating its China unit from global operations, the firm aims to mitigate the risks associated with conducting business in the country, particularly in sectors with close government ties.
McKinsey’s Response
As of now, McKinsey has not responded to requests for comments outside of regular business hours, leaving questions about further plans for its China operations.
