The restaurant giant said last January that it was preparing a restructuring and that the changes would be announced starting in April, without providing any details on the number of job losses or savings targets
McDonald’s has temporarily closed its US offices and is preparing to announce layoffs to its employees. The Wall Street Journal writes, citing an email in which McDonald’s informed employees of US offices and some outside the country that they would have to work from home between Monday and Wednesday. The message asks employees to cancel all face-to-face meetings with suppliers and other external parties at their premises. The company intends to use these days to “virtually” inform the staff of the decisions.
The numbers of the giant
Last January, McDonald’s said it was preparing for a restructuring and that the changes would be announced starting in April, without giving any details on the number of jobs that could be shed or savings targets. “Some jobs that exist today will be displaced or disappear,” top executive Chris Kempczinski said at the time. McDonald’s employs approximately 150,000 people worldwide in directly operated offices and restaurants, not counting franchises. About 70% of these jobs are located outside the United States. Shares of the company opened higher on Wall Street and were up about 0.50% a half hour into trading.