NEW YORK, Jan. 7: McDonald’s CEO Chris Kempzynski says global fast-food chains aim to cut costs and “free up resources to invest in growth” have announced that they will be laying off staff by April.
Kempczinski told The Wall Street Journal, “Some jobs that exist today may move or they may disappear.”
McDonald’s plans to communicate its layoff decisions by April 3.
Nearly 200,000 corporate staff and employees work at company-owned restaurants, according to McDonald’s latest report.
In a memo to employees reported by CNN, Kempczinski said, “As we evaluate roles and staffing levels in parts of the organization, there will be difficult discussions and decisions going forward.”
“Certain initiatives will be deprioritized or stopped altogether. This will allow us to move faster as an organization while reducing global costs and freeing up resources to invest in growth.” can.
In fact, McDonald’s made a lot of profit during the pandemic as people ordered more takeout and sales surged.
But the CEO, who has many things to be proud of, said: We are performing at a high level, but we can go further. ”
Kempczinski said he expects to save money as part of the staffing changes.
McDonald’s layoff announcements come as some of the biggest US companies, including Amazon, Goldman Sachs and Salesforce, announced massive layoffs at the start of the new year.