McDonald's Closes Offices Ahead of Layoffs

McDonald's is temporarily closing its US offices this week as it notifies hundreds of corporate employees that they’re losing their jobs in a broader restructuring plan, according to a person familiar with the matter.

The company is notifying affected employees virtually and will close the locations to provide confidentiality out of respect for those affected, said the person, who asked not to be identified discussing private information.

McDonald’s in January said it planned to cut corporate jobs and eliminate certain initiatives, even as it accelerates new store openings. The job cuts would be final by April 3, the fast-food company said at the time. It had about 150,000 employees at the end of 2022.

Source: Bloomberg