McDonald’s declined to comment on the memo or the layoffs on Monday. The memo was first reported by the Wall Street Journal.
, the Chicago-based burger giant said it wanted to “ensure the comfort and confidentiality of our people during the notification period” and would hold all notification meetings virtually. It told international corporate staff to follow guidance in their particular regions.“We have a clear opportunity ahead of us to get faster and more effective at solving problems for our customers and people and to globally scale our successful market innovations at speed,” the company said.
r, where many companies over-hired after a pandemic boom. IBM, Microsoft, Amazon, Salesforce, Facebook parent Meta, Twitter and DoorDash have all announced layoffs in recent months.Most of those job cuts are at corporate offices. There are still shortages of workers to fill service jobs, such as those at McDonald’s restaurants.
Policymakers at the Federal Reserve have forecast the unemployment rate may rise to 4.6% by the end of this year, a sizable increase historically associated with recessions. McDonald’s has more than 150,000 employees in corporate roles and in company-owned restaurants. About 70% of those employees are based outside the United States. was flat at $23.2 billion for the full year in 2022, but its net income fell 18%, partly due to the sale of its business in Russia. 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. “And I think the other thing I’ve seen is we haven’t been as sharp around our global priorities, and so there’s been proliferation of priorities.”This story corrects a previous version that said McDonald’s has 150,000 corporate employees. It has 150,000 employees in corporate roles and in company-owned restaurants.
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