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More than 150,000 employees worldwide
Preparing for layoffs: McDonald’s is temporarily closing its US offices
American fast food chain McDonald’s has to cut jobs (glyph).
© Source: Tobias Hase / dpa
Fast food giant McDonald’s seems forced to cut costs dramatically. The Chicago-based conglomerate will temporarily close its US offices starting Monday (April 3) to notify its employees of the layoffs, American Business Review reports. Wall Street Journal (WSJ).
Read more after the announcement
Read more after the announcement
According to the magazine, the fast-food chain has designed a plan for this as part of a “comprehensive corporate restructuring.” In an internal letter, the company told its employees to cancel all “meetings with service providers and other outside parties at its headquarters,” according to the Wall Street Journal. “In the week of April 3, we will inform important decisions about roles and staffing across the organization,” the Wall Street Journal quoted the internal message to employees.
McDonald’s: Announcing a new business strategy in January
The fast food company declined to comment to the business magazine. The group said in January this year that as part of a new business strategy it would have to review the company’s workforce, which could lead to layoffs in some areas and expansion in others.
Read more after the announcement
Read more after the announcement
“Some of the jobs that exist today are going to be transferred or eliminated,” McDonald’s CEO Chris Kimczynski told the Wall Street Journal in January.
Several rounds of layoffs in recent years
According to the WSJ, McDonald’s employs more than 150,000 people worldwide in corporate and restaurant jobs. 70 percent of them are outside the United States. According to the WSJ, the company has already made several rounds of layoffs in recent years — and cut management at the management level in 2018.
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