McDonald’s closed its U.S. corporate offices this week as the company prepares to lay off hundreds of workers.
Earlier
this year, the company announced it would cut jobs as part of a broad
corporate restructuring. The company will deliver its staffing decisions
virtually.
- Last week the company told
its employees they should work from home from Monday to Wednesday this
week and cancel all in-person meetings with vendors and other outside
parties.
- McDonald’s employs more than 150,000 workers globally, including its corporate roles and at its company-owned restaurants.
- The
company has not disclosed how many employees will be impacted by the
layoffs or how much the company aims to save from the cuts.
- McDonald’s shares closed at $282.14 on Monday, up ~1% for the day.
- The company is up 6.7% YTD.
