McKinsey works to shred CBA workforce

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Via The Australian comes CBAmageddon:

There is an army of shadowy McKinsey consultants working on Matt Comyn’s hitherto secret plan to cut in the order of $2 billion of costs out of Commonwealth Bank.

…While understandably reluctant to publicise their dramatic plans to slash staff numbers, the toe-cutting is already under way.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.