Chicago :
That’s correct! This week, McDonald’s, one of the biggest fast-food chains in the world, will be closing all of its offices in the US temporarily.
McDonald’s Plans A Fresh Round Of Layoffs
According to media reports, McDonald’s is preparing to announce a new round of layoffs, and has informed its corporate employees that they will be working from home this week.
The decision to close offices appears to be aimed at delivering the news of the layoffs virtually.
While it is unclear how many employees will be affected, the company has reportedly sent an email to its US employees last week, informing them to work from home from Monday to Wednesday.
How Did This Happen?
In an email sent to its US employees last week, McDonald’s announced that it would communicate key decisions related to roles and staffing levels across the organization during the week of April 3.
The email also requested employees to work from home from Monday to Wednesday, and to cancel all in-person meetings scheduled for the week.
Previously, McDonald’s had announced that it would assess its corporate staffing levels as part of a revised business strategy in January, which could result in job losses in some areas and expansion in others.
According to reports, the company is expected to announce the layoffs by Wednesday.
Meanwhile, businesses are implementing cost-cutting measures to address a worldwide economic slowdown and surging inflation, leading to a rise in job cuts.
Technology Segment Hit By Layoffs
Amidst the global economic slowdown and soaring inflation, several companies including tech giants such as Google, Amazon, and Facebook have scaled down their operations, leading to mass layoffs.
Indians have been among those hit hardest by the layoffs in US tech companies, leaving hundreds of workers on temporary visas jobless with little time to find new employment.
The most severe impact is on the 1B visa holders who have only 60 days to find a new employer to sponsor them after becoming unemployed in the US.
In an interview, McDonald’s Chief Executive Chris Kempczinski mentioned that he expected to save money through the workforce assessment, but did not specify the exact number of jobs or dollar amount for the cuts.
It was further explained that certain current job positions could either be relocated or gradually eliminated.
McDonald’s had announced in January that it would be reviewing its corporate staffing levels as part of an updated business strategy.
As a result, the review could lead to job cuts in some areas while other areas may experience expansion.
