Leading U.S. consulting firm McKinsey & Company is reportedly downsizing its workforce in China, eliminating around 500 positions, which equates to about one-third of its employees in the region. This decision is part of a strategic move to address security concerns linked to its operations in China. What Happened: McKinsey is reportedly scaling back its dealings with clients connected to the Chinese government, The Wall Street Journal reported on Thursday. This restructuring aims to isolate its China unit from its global operations to minimize security risks. Over the last two years, the firm…