McDonald’s lays off HUNDREDS of workers and slashes pay packages
Big McSteak? McDonald’s lays off HUNDREDS of workers and cuts pay packages after closing US offices and directing staff to work from home – as it plans to REINVENTED the drive-thru
- McDonald’s has laid off hundreds of employees and cut pay packages for others after shuttering agents in the US
- The fast food company was cutting roles in all departments, including marketing, operations, retail staff and field offices
- McDonald’s even temporarily closed offices in the US on Monday when it started telling some of the company’s employees about the layoffs
McDonald’s has laid off hundreds of employees and cut pay packages for others after shuttering agents in the US.
The fast-food firm was cutting roles in all departments, including marketing, operations, store staff and field offices, the This was reported by the Wall Street Journal.
It comes as part of a massive restructuring at the burger giant, which is reportedly part of an effort to reinvent the drive-in around the world.
McDonald’s even temporarily closed offices in the US on Monday when it started telling some of the company’s employees about the layoffs.
President of McDonald’s USA Joe Erlinger (pictured) said: ‘While the McDonald’s brand is in its strongest position in recent years, we also recognize that our business has become increasingly complex in recent years’
In December 2022, McDonald’s opened a test site of its new concept drive-thru store in Fort Worth, Texas
Bosses reportedly offered some employees the chance to continue working for the fast-food company, but with reduced salaries and changes to their benefits.
The changes are expected to affect at least 10 US offices for those working in operations, finance and marketing, leaked emails revealed.
McDonald’s USA President Joe Erlinger said, “While the McDonald’s brand is in the strongest position it has been in years, we also recognize that our business has become increasingly complex in recent years.”
Meanwhile, an internal email last week said employees should work from Monday to Wednesday so that staff changes could be made virtually.
McDonald’s also asked all staff to cancel all face-to-face meetings with vendors at headquarters.
Dismissed U.S. employees have left the company, but will remain on payroll until June 15, and then receive severance pay.
Meanwhile, employees with company cars who have been laid off also have the option of returning the vehicles in June or purchasing the cars, the outlet said.
The layoffs included senior employees who had worked for the company for decades — some even going so far as to write an emotional farewell message to colleagues after receiving the news.
McKinsey & Co. served as an advisor to McDonald’s on the restructuring of the chain.
This isn’t the first time McDonald’s has cut jobs in 2018, with the chain cutting management to be “more dynamic, agile and competitive.”
Meanwhile, an internal email last week said employees should work from Monday to Wednesday so staff changes could be made virtually
Erlinger attended the National Intern Day celebrations prior to the restructuring last year
The cuts were part of a half-billion dollar plan to cut administrative spending by 2019.
Chief Executive Chris Kempczinski told WSJ he expected to save money as part of this year’s staff review, but had no number in mind.
In January, McDonald’s said the company had too many silos, leading to layoffs and slowing innovation.
Before the layoffs, McDonald’s employed more than 150,000 people worldwide in corporate positions and in-house restaurants — 70 percent outside the US, the chain said in February.