US consulting giant McKinsey & Co is cutting 500 jobs in its China unit amid major restructuring in the country, according to a report by the Wall Street Journal. This move follows the consulting firm’s decision to reduce the firm’s involvement with government-linked clients in China. The job cuts are part of a broader move to separate McKinsey’s China unit from its global operations. With this, the firm aims to mitigate security risks associated with doing business in the country. McKinsey’s workforce in Greater China, which includes mainland China, Hong Kong, and Taiwan, has been significantly reduced over the past two years. As of June 2023, McKinsey listed nearly 1,500 employees on its Greater China website. Global restructuring amid slowing demand The China cuts are not an isolated incident but part of a global trend for McKinsey. Earlier this year, in April, the firm began eliminating around 360 jobs globally.