McDonald's will begin layoffs in April, says CEO
McDonald’s Layoffs are on their way. As per reports, McDonald’s CEO Chris Kempczinski has announced that the world-famous fast-food chain would be laying off employees from the corporate wing of the company. These McDonald’s Layoffs are likely to take place in April 2023.
McDonald's CEO had also told the Wall Street Journal that "some jobs that are existing today are either going to get moved or those jobs may go away". As per the present count, the company is reported to have around 2,00,000 corporate staff and workers.
As per a CNN report, Kempczinski informed the employees of these upcoming layoffs in an internal memo. The CEO also announced that the company will be undergoing reorganisation.
“We will evaluate roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead. Certain initiatives will be de-prioritized 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," stated the McDonald's CEO.
The plans regarding McDonald's Layoffs are expected to be communicated to employees by April 3, 2023. A major reason for these layoffs has been attributed to cost cutting. Wall Street Journal further reported that the CEO is expected to save money after the layoffs, but "doesn’t have a set dollar amount to slash or number of jobs"
However, in the memo issued, the CEO has stated that these layoffs are not due to cost cutting but in order to "innovate faster and work more efficiently.”