McDonald's layoffs

2023 - 4 - 3

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Image courtesy of "Forbes"

McDonald's Restructuring: Layoffs And Office Closures Amidst The ... (Forbes)

As part of a broader company restructuring plan, McDonald's Corp. (MCD) announced that it will be temporarily closing its U.S. offices during the week of ...

As the company continues to adjust its strategy, it will be crucial to monitor the impact of these changes on its performance, employee satisfaction, and overall market positioning. In 2018, the company announced that it was streamlining its management as part of a $500 million plan to reduce administrative expenses by the end of 2019. The company acknowledged that the week of April 3 would be a busy one for personal travel, which contributed to the decision to deliver the news remotely. In an internal message viewed by The Wall Street Journal, McDonald's stated, "During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization." In this Forbes article, we will examine the details of the company's decision, the reasons behind it, and the implications for McDonald's and the fast-food industry as a whole. offices during the week of April 3 as the company prepares to inform corporate employees about impending layoffs.

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Image courtesy of "CNN"

Wall Street Journal: McDonald's closes offices and tells employees ... (CNN)

McDonald's instructed corporate employees to work from home this week in anticipation of layoffs, according to a report from the Wall Street Journal.

Around that time, Amazon [(AMZN)](https://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link) announced that it too [would make cuts](https://www.cnn.com/2023/03/20/tech/amazon-layoffs/index.html) on top of those announced in January. The company is planning to open 1,900 new restaurants throughout the world in 2023. [(META)](https://money.cnn.com/quote/quote.html?symb=META&source=story_quote_link), owner of Facebook, Instagram and WhatsApp, [said in March](https://www.cnn.com/2023/03/14/media/meta-layoffs-reliable-sources/index.html) that it would make a second round of job cuts. This will help us move faster as an organization, while reducing our global costs and freeing up resources to invest in our growth.” “We want to ensure the comfort and confidentiality of our people during the notification period.” McDonald’s declined to comment for this story.

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Image courtesy of "USA TODAY"

McDonald's tells corporate employees to work from home ahead of ... (USA TODAY)

McDonald's will notify employees of staffing decisions this week, The Wall Street Journal reported Sunday.

"We will evaluate roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead," Kempczinski said. offices for a few days this week as the company prepares to inform employees about [layoffs ](https://www.usatoday.com/story/money/2023/03/01/layoffs-recession-businesses-hiring-freelancers-gig-workers/11369050002/)as part of a broader restructuring, [ according to a report](https://www.wsj.com/articles/mcdonalds-temporarily-shuts-u-s-offices-as-chain-prepares-for-layoff-notices-36fef317). The report said McDonald's will notify employees of staffing decisions this week. sales increased by almost 6%. The Chicago-based burger chain said in an internal email that U.S. Now, layoffs have swept other industries including retail and media.

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Image courtesy of "Fortune"

McDonald's reportedly tells U.S. staff to work from home over the ... (Fortune)

McDonald's is closing its U.S. offices and telling U.S. and some international staff to work remotely between Monday and Wednesday as the fast-food giant ...

[Amazon](https://fortune.com/company/amazon-com/) said it would cut a total of 27,000 employees, mostly corporate workers, in [two layoff announcements](https://fortune.com/2023/03/20/amazon-layoffs-9000-people/) this year. “Some jobs that are existing today are either going to get moved, or those jobs may go away,” McDonald’s CEO Chris Kempczinski said in [an interview](https://www.wsj.com/articles/mcdonalds-to-make-staff-changes-by-april-as-part-of-broader-revamp-11673033622?mod=article_inline) at the time. At the time it reported earnings in January, the company said that costs were increasing owing to inflationary pressures. The company McDonald’s is stopping people from going into the office so that it can deliver staffing notices remotely, citing the increased likelihood that people will be traveling during the week of April 3. McDonald’s is closing its U.S.

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Image courtesy of "CBS News"

McDonald's closes corporate offices, layoffs virtual (CBS News)

CHICAGO (CBS) -- McDonald's is cutting hundreds of jobs. The company has announced layoffs, and has closed its U.S. corporate offices – including the ...

"It obviously has a bigger impact on Chicago where the world headquarters is located." The labor market right now remains strong," Challenger said. Among other major companies that have announced layoffs this year are State Farm, which laid off 451 staffers at the end of last month; Evolent Health, which laid off 484 employees in January; Aerotek Inc. "I've never seen a company close their entire office with the announcement that they're going to be letting people go virtually," said jobs expert Andy Challenger. "There's been a real shift over the last three years, as workforces completely when remotely. Virtual layoffs are something Challenger says he is seeing more of now.

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Image courtesy of "WTVD-TV"

McDonald's temporarily closes US offices ahead of layoffs (WTVD-TV)

McDonald's has closed its U.S. offices through Wednesday and told its corporate staff to work remotely as it prepares to announce a round of layoffs.

This story corrects a previous version that said McDonald's has 150,000 corporate employees. McDonald's warned employees in January that layoffs would be coming as it tried to get more nimble and break down walls between its global markets. "We have historically been very decentralized in some areas where we reinvent the wheel way too often," Kempczinski said during a January conference call with investors. About 70% of those employees are based outside the United States. It told international corporate staff to follow guidance in their particular regions. The memo was first reported by the Wall Street Journal.

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Image courtesy of "Barron's"

Why McDonald's Layoffs Wouldn't Be an Alarm for the Industry (Barron's)

McDonald's is telling corporate employees to work from home from Monday through Wednesday so it can communicate layoff decisions remotely, The Wall Street ...

[The Wall Street Journal reported](https://www.wsj.com/articles/mcdonalds-temporarily-shuts-u-s-offices-as-chain-prepares-for-layoff-notices-36fef317). ](https://www.barrons.com/market-data/stocks/mcd) is expected to [lay off](https://www.barrons.com/visual-stories/jobs-twitter-paypal-dow-layoffs-01675281305?mod=article_inline) corporate employees this week spurred fears the labor market could be softening in the restaurant industry, but analysts say they don’t see reason for alarm.

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Image courtesy of "The Wall Street Journal"

McDonald's Temporarily Shuts U.S. Offices as Chain Prepares for ... (The Wall Street Journal)

Fast-food company expected to notify workers of their job status virtually.

[10% off Sitewide - Newegg Promo Code](https://www.wsj.com/coupons/newegg) [Samsung promo code - Up to 40% off + free shipping](https://www.wsj.com/coupons/samsung) The Chicago-based fast-food chain said in an internal email last week to U.S.

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Image courtesy of "Restaurant Business Online"

Layoffs over Zoom? McDonald's takes a big risk with its reorganization (Restaurant Business Online)

The burger giant is letting “hundreds” of its people go virtually, causing fear among employees and more anger among operators already.

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