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McDonald’s fires some company employees; Company says no impact on restaurants

McDonald’s fires some company employees; Company says no impact on restaurants

#McDonalds #fires #company #employees #Company #impact #restaurants Welcome to Alaska Green Light Blog, here is the new story we have for you today:

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NEW YORK — McDonald’s plans to lay off some of its employees, CEO Chris Kempczinski said in a memo to employees on Friday.

“We will be evaluating roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead,” Kempszinski said. “Certain initiatives are being given less priority or stopped altogether. This will help us move faster as an organization while reducing our global costs and freeing up resources to invest in our growth.”

McDonald’s has been a star of the pandemic: people ordered more take-out from the company in the early days of Covid, and sales have surged over the past year as inflation prompted diners to seek cheaper options.

But the company said it’s not resting on its laurels, the CEO said, outlining a plan to break down internal barriers, become more innovative and reduce work that doesn’t align with the company’s priorities.

McDonald’s also plans to accelerate the pace of its restaurant openings to respond to increased demand. The company sees opportunities for further growth in many of its key markets.

“Although we have many things to be proud of, you also told us that we can do more,” Kempczinski wrote to employees. “We’re at a high level, but we can still get better.”

The company must become faster, more innovative and more efficient, he said. In an interview with the Wall Street Journal on Friday, Kempczinski said that means the company will announce layoffs.

“Some jobs that exist today will either be postponed or those jobs will go away,” Kempczinski said.

McDonald’s plans to announce its future staffing plans by April 3.

Kempczinski said he expects to save money as part of the staffing changes but has no set dollar amount to cut or the number of jobs he wants to cut, the Journal reported.

According to its latest annual report, McDonald’s employed around 200,000 company employees and workers in company-owned restaurants at the end of 2021. More than 75% of them were based outside the United States. More than two million people work at McDonald’s franchise locations around the world.

Some of America’s largest companies have announced layoffs in recent weeks, including Amazon, Salesforce and Goldman Sachs.

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