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Story perspectives

AI Revolutionizes Consulting: Jobs Cut and Services Transformed

9/28/2025

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Story summary
  • Artificial intelligence (AI)-driven transformation reshapes the consulting industry, affecting both low-cost and premium services.
  • Fiverr laid off 250 employees amid declining activity as AI replaces traditional roles.
  • McKinsey & Company deploys 12,000 AI agents. Ernst & Young integrates AI across services.
  • New models shift from hourly consulting to software-driven delivery. Service as Software draws over $1.5 billion in two years.