City
Epaper

McDonald's temporarily shuts US offices, plans major layoffs

By IANS | Updated: April 3, 2023 10:35 IST

New York, April 3 Fast food giant McDonald's has temporarily shut its offices in the US this week ...

Open in App

New York, April 3 Fast food giant McDonald's has temporarily shut its offices in the US this week as it gears up to lay off several employees as part of the restructuring plan amid the global economic meltdown, the media reported.

According to Wall Street Journal, the Chicago-based burger major told US employees, and some international staff, "that they should work from home from Monday through Wednesday so it can deliver staffing decisions virtually".

"During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organisation," the company said in an internal email.

"We want to ensure the comfort and confidentiality of our people during the notification period," the company added.

McDonald's was yet to comment on the development or on the number of employees being laid off.

In January, the company said it planned to make "difficult" decisions about changes to its corporate staffing levels by April.

CEO Chris Kempczinski had said at the time that he expected to save money as part of the workforce assessment.

McDonald's employs more than 1,50,000 people globally in corporate roles and its owned restaurants with 70 per cent of them located outside of the US.

The company has conducted several rounds of layoffs in recent years.

In 2018, McDonald's said that the company was cutting its management to be "more dynamic, nimble and competitive".

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: The Wall Street JournalMcdonaldChris Kempczinski
Open in App

Related Stories

InternationalMcDonald’s To Hire Nearly 375,000 Employees Across US in 2025 Summer Drive

InternationalHindenburg Research, US Short-Seller Firm Whose Reports Wiped Billions off Gautam Adani’s Wealth, Shuts Down

InternationalE Coli Outbreak Linked to McDonald’s Burger Hits 10 US States; One Dead, Over 49 Sick

InternationalAmid Israel-Iran Tensions, Biden Administration Weighs Sending USD 1 Billion More in Weapons to Israel: Report

Cricket"Mitchell Marsh made a pretty good case": Coach Andrew McDonald on Australia's batting lineup

Technology Realted Stories

TechnologyTesla begins delivering Model Y in India, Long Range variant soon

TechnologyCrisil expects India’s GDP growth to remain steady at 6.5 pc, another rate cut this fiscal

TechnologyIndia to launch e-observer system for remote monitoring of fishing: Union Fisheries Secretary

TechnologyScience innovation accelerates development: MP Minister

TechnologyIIFT launches International Trade Negotiations programme for govt officials