Fast-food giant McDonald’s Corp is preparing to inform its corporate employees about layoffs as part of a broader company restructuring, this according to Reuters. . The Wall Street Journal reported on Sunday that the company is temporarily closing its U.S. offices this week to deliver staffing decisions virtually to its employees.
The news comes as McDonald’s continues to feel the effects of the ongoing COVID-19 pandemic, which has had a significant impact on the fast-food industry. The company has already experienced a decline in sales due to restrictions on indoor dining, and the temporary closure of its offices suggests that the company is bracing for further difficulties ahead.
In an internal email sent last week to U.S. employees and some international staff, McDonald’s asked them to work from home from Monday through Wednesday. This is to ensure that the company can deliver staffing decisions virtually, which will likely include layoffs.
It is unclear how many employees will be affected by the layoffs, but McDonald’s has previously stated that it plans to reduce its corporate workforce by 3% worldwide. This restructuring is part of a broader plan to streamline the company and reduce costs.
McDonald’s has not been immune to the challenges of the COVID-19 pandemic, and the fast-food industry has been hit hard. Many consumers have been reluctant to dine indoors due to health concerns, and as a result, fast-food chains have had to rely on drive-thru and delivery services to stay afloat.
While McDonald’s has been able to adapt to these changes, the temporary closure of its offices and the announcement of layoffs suggest that the company is still facing significant challenges. However, the company has assured stockholders that it remains optimistic about its future and is continuing to invest in new technology and initiatives to improve its operations.
McDonald’s Corp is temporarily closing its U.S. offices this week to deliver staffing decisions virtually to its employees. The move is part of a broader company restructuring that includes layoffs.