A Quarter of Women Are Considering Scaling Back Careers: McKinsey

A quarter of women are considering leaving the workforce or scaling back on their career aspirations because of the extra demands created by the Covid-19 pandemic, according to the annual study of women in the workplace released Wednesday by McKinsey & Company and LeanIn.Org.

Working mothers are three times as likely as working fathers to be handling a majority of housework, and the disparity is particularly onerous for Black women, according to the Women in the Workplace report, which surveyed more than 40,000 employees at 317 companies. The study also found that senior-level women are more likely than male peers to feel burned out, in part because they are often among few women at their level and they are more likely than younger workers to be parenting.

“If we had a panic button, we'd be hitting it,” Sheryl Sandberg, chief operating officer of Facebook Inc. and co-founder of LeanIn.Org, said in a statement. “Leaders must act fast or risk losing millions of women from the workforce and setting gender diversity back years.”