(Trends Wide) — McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to a report in The Wall Street Journal.
“During the week of April 3, we will communicate key decisions related to positions and people throughout the organization,” the company said in an email sent to employees, according to The Wall Street Journal. “We want to ensure the comfort and confidentiality of our people during the notice period.”
The company reportedly told employees who cannot access their computers during this time to provide their personal contact information to their managers. McDonald’s has 150,000 employees at its owned locations and offices around the world, with 70% of those positions outside the United States, according to The Wall Street Journal. McDonald’s declined to comment for this article.
In January, McDonald’s CEO Chris Kempczinski said in a memo to staff that job cuts were coming.
“We will be evaluating the roles and various levels of staff in the organization and there will be difficult discussions and decisions ahead,” Kempczinski wrote at the time, adding that “certain initiatives will lose priority or be stopped altogether. This will help us move faster as an organization, while reducing our overall costs and freeing up resources to invest in our growth.”
McDonald’s is one of several companies — many in the tech industry — that have announced layoffs in recent months.
META, which owns Facebook, Instagram and WhatsApp, said in March that it would make a second round of job cuts. Around that time, Amazon announced that it would also make cuts in addition to those announced in January. Others like Disney and Tyson are laying people off, too.
But while many of these companies have struggled, McDonald’s has done well.
The chain, which implemented a growth plan since the start of the pandemic, reported sales growth of 10.9% globally in locations open at least 12 months in 2022. The company plans to open 1,900 new restaurants worldwide. in 2023.
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(Trends Wide) — McDonald’s instructed corporate employees to work from home this week in anticipation of layoffs, according to a report in The Wall Street Journal.
“During the week of April 3, we will communicate key decisions related to positions and people throughout the organization,” the company said in an email sent to employees, according to The Wall Street Journal. “We want to ensure the comfort and confidentiality of our people during the notice period.”
The company reportedly told employees who cannot access their computers during this time to provide their personal contact information to their managers. McDonald’s has 150,000 employees at its owned locations and offices around the world, with 70% of those positions outside the United States, according to The Wall Street Journal. McDonald’s declined to comment for this article.
In January, McDonald’s CEO Chris Kempczinski said in a memo to staff that job cuts were coming.
“We will be evaluating the roles and various levels of staff in the organization and there will be difficult discussions and decisions ahead,” Kempczinski wrote at the time, adding that “certain initiatives will lose priority or be stopped altogether. This will help us move faster as an organization, while reducing our overall costs and freeing up resources to invest in our growth.”
McDonald’s is one of several companies — many in the tech industry — that have announced layoffs in recent months.
META, which owns Facebook, Instagram and WhatsApp, said in March that it would make a second round of job cuts. Around that time, Amazon announced that it would also make cuts in addition to those announced in January. Others like Disney and Tyson are laying people off, too.
But while many of these companies have struggled, McDonald’s has done well.
The chain, which implemented a growth plan since the start of the pandemic, reported sales growth of 10.9% globally in locations open at least 12 months in 2022. The company plans to open 1,900 new restaurants worldwide. in 2023.
