McKinsey & Co. has recently cut about 200 tech jobs as part of its strategy to leverage artificial intelligence for automation. This decision highlights a significant trend among consulting firms to integrate AI into their operations. The company is currently assessing which tasks can be automated and may consider further reductions in non-client-facing roles over the next two years. McKinsey's Global Managing Partner, Bob Sternfels, emphasized the importance of investing in client-facing roles while scrutinizing headcount in other areas. The consulting industry faces challenges such as tighter corporate budgets and shifts in government policy, prompting firms like Accenture to also reduce staff. As AI technology advances, many industries, including banking, are expected to see substantial job cuts as roles become redundant.