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IDP Education plummets 48% | Treasury Wine's major hiccup | McKinsey cuts 10% of its workforce

IDP Education plummets 48% | Treasury Wine's major hiccup | McKinsey cuts 10% of its workforce

What the Flux · Flux

June 3, 20256m 56s

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Show Notes

IDP Education has warned investors of a major earnings downgrade, which saw its share price tumble 48% in a single day.

Treasury Wine Estates, the Aussie winemaker behind Penfolds, has just suffered a major hiccup in its big, bad, bold US strategy.

McKinsey, the leading management consulting company, has cut its workforce by over 10%, as it lets AI tools like take the wheel.

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