McDonald's closes corporate offices as it lays off hundreds of workers
Publishing timestamp: 2023-04-03 12:44:34
Summary
McDonald's is closing its U.S. corporate offices for three days as it lays off hundreds of workers as part of a broader corporate restructuring announced by CEO Chris Kempczinski in January. The company will notify affected employees virtually during the office closures, which are intended for employees' comfort and privacy. The layoffs are not a cost-cutting measure but are meant to help the company innovate faster and work more efficiently. McDonald's employs roughly 45,000 people in the U.S. across its corporate offices and company-owned restaurants.
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Keywords: business, mcdonald's corp, labor economy, breaking news: business, retail industry, restaurants, personnel, united states, business news,
Source: https://www.cnbc.com/2023/04/03/mcdonalds-closes-corporate-offices-as-workers-await-layoffs.html