McDonald’s posts lower Q2 revenue, charges weigh down profit
2 years, 8 months ago

McDonald’s posts lower Q2 revenue, charges weigh down profit

Associated Press  

McDonald’s revenue fell short of expectations in the second quarter as coronavirus restrictions shuttered stores in China and higher prices took a toll on U.S. demand. Chief Financial Officer Kevin Ozan said McDonald’s is seeing some trade-down to cheaper items and lower sales of combo meals in the U.S., particularly among lower-income consumers. Ozan said year-over-year U.S. price increases in the 8% to 9% range will likely continue through the remainder of the year as McDonald’s compensates for its higher costs. CEO Chris Kempczinski said McDonald’s has benefited from another form of trading down, with higher-income Americans choosing on some days to hit a McDonald’s rather than more expensive sit-down restaurants.

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Fast-food giants deepen market reach in 2024
1 month, 2 weeks ago

Fast-food giants deepen market reach in 2024

China Daily  

McCafe sets up a characteristic stall in Shanghai in May. McDonald's China accounted for about 70 percent of all new store openings in the company's international licensed markets, up 3 percentage points from the previous year. In the fourth quarter, McDonald's International Developmental Licensed Markets segment, which includes China, recorded a 4.1 percent increase in comparable sales, while the United …

McDonald’s improving global sales help to offset US weakness in fourth quarter
1 month, 3 weeks ago

McDonald’s improving global sales help to offset US weakness in fourth quarter

Associated Press  

Improving international sales helped McDonald’s overcome some weakness at home in the fourth quarter, but the company said it expects U.S. sales to pick up later this year. McDonald’s said its sales are continuing to recover from an E. coli outbreak last fall tied to its Quarter Pounder hamburgers. McDonald’s U.S. same-store sales, or sales at locations open at least …

McDonald's to expand US value menu as fast food chains battle for bargain seekers
4 months, 1 week ago

McDonald's to expand US value menu as fast food chains battle for bargain seekers

Associated Press  

McDonald’s will expand its U.S. value menu early next year as it continues to try to win back inflation-weary customers. Starting Jan. 7, the burger chain will let customers buy one full-priced item from a limited value menu and get another item on that menu for $1. AP AUDIO: McDonald’s to expand US value menu as fast-food chains battle for …

McDonald’s spends $100 million to lure customers back after E. coli outbreak
4 months, 2 weeks ago

McDonald’s spends $100 million to lure customers back after E. coli outbreak

CNN  

New York CNN — McDonald’s is spending $100 million on marketing and to help franchises most heavily affected by a recent E. coli outbreak that has sickened more than 100 people and damaged sales. In a memo sent to employees and obtained by CNN, McDonald’s is spending $35 million on marketing, which includes a value deal focused on its chicken …

Inside McDonald’s plan to win back American consumers amid sales slump, E coli outbreak
5 months ago

Inside McDonald’s plan to win back American consumers amid sales slump, E coli outbreak

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

McDonald's value meals turn around US sales in third quarter with customers hungry for deals
5 months ago

McDonald's value meals turn around US sales in third quarter with customers hungry for deals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Value meals helped turn around …

E. coli Outbreak Threatens McDonald's Value Meals
5 months ago

E. coli Outbreak Threatens McDonald's Value Meals

Associated Press  

McDonald's U.S. sales rebounded in the third quarter, but a E. coli outbreak linked to the company's Quarter Pounder hamburgers could dent the recovery. Despite the setback, the value meal has been a success, with the company extending it to December at most of its U.S. stores. However, the outbreak has caused a decline in demand, with the company struggling …

McDonald's reduces popular menu item by 50 percent for one day only
5 months, 2 weeks ago

McDonald's reduces popular menu item by 50 percent for one day only

Daily Mail  

McDonald's customers can bag a bargain with 50 per cent off a fan favourite today. Today, Monday 14 October, fans across the UK can snap up 6 Chicken McNuggets for half price, available exclusively through the McDonald's app. The initiative means every penny spent equals one point, so by purchasing a Cheesy Bacon Flatbread, for example, 119 points will be …

Another McDonald's rival launches $5 meal deal in US as value wars heat up
6 months, 2 weeks ago

Another McDonald's rival launches $5 meal deal in US as value wars heat up

Daily Mail  

Popeyes has finally waded into the great fast food price war of 2024 - with its own $5 meal deal. Popeyes is offering three pieces of bone-in chicken for $5 McDonald's, Wendy's, Burger King, Starbucks, Dunkin Donuts and Taco Bell have all rolled out new value deals this year. The value wars were sparked earlier in the summer when McDonald's …

The decline of McDonald’s: How the golden arches lost their shine
7 months, 1 week ago

The decline of McDonald’s: How the golden arches lost their shine

The Independent  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

What's driving up burger prices?
7 months, 3 weeks ago

What's driving up burger prices?

ABC  

It's just a burger, but the price of a Big Mac can help us understand the dizzying cost of living. However, the Big Mac Index shows that single product's price has outgrown inflation over the same time period. Comparison of price changes for Big Macs and McDonald's Australia's profits. Comparison of price changes for Big Macs and McDonald's Australia's sales …

Why Americans are snubbing McDonald’s and Starbucks
8 months ago

Why Americans are snubbing McDonald’s and Starbucks

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. Earnings season for major food and beverage companies began just this week, but already we’re seeing how American spending habits are evolving in this era of strong employment, steady wages and cooling inflation. People are essentially saying “look, if I’m already going to be overpaying for food, I may …

McDonald’s to ‘rethink’ menu after sales fall for first time in four years
8 months ago

McDonald’s to ‘rethink’ menu after sales fall for first time in four years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Beginning last year we warned of a more discriminating consumer, particularly among lower-income households …

McDonald's is losing customers to inflation
8 months ago

McDonald's is losing customers to inflation

NPR  

McDonald's is losing customers to inflation McDonald announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. LEILA FADEL, HOST: McDonald's is selling fewer burgers for the first time since the pandemic shutdowns. UNIDENTIFIED PERSON: Looking for a reason to try the new $5 meal deal at McDonald's? SELYUKH: This deal for …

McDonald’s sales fall globally for first time in over three years
8 months ago

McDonald’s sales fall globally for first time in over three years

Al Jazeera  

McDonald’s CEO Chris Kempczinski says low-income consumers eating at home and finding other ways to economise. McDonald’s worldwide sales fell 1 percent in the April-June period, the fast food giant said on Monday, the first drop since the last quarter of 2020, when the COVID-19 pandemic and government restrictions closed businesses and kept millions of people at home. McDonald’s CEO …

McDonald's unhappy meal: Global sales fall for first time since 2020
8 months ago

McDonald's unhappy meal: Global sales fall for first time since 2020

Firstpost  

Chief Executive Officer Chris Kempczinski said there is a lot more deal-thinking from consumers who have become “very discriminating”. Global comparable sales fell one per cent in the second quarter, compared with the analysts’ average estimate of a 0.5pc increase. It was set to extend that offer into August to lure back customers who have cut back on frequent restaurant …

McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash
8 months ago

McDonald’s same-store sales fall for 1st time since 2020 as tapped-out customers hold on to cash

Associated Press  

They’re not lovin’ it. McDonald’s global same-stores fell for the first time in nearly four years in the second quarter as inflation-weary consumers skipped eating out or chose cheaper options. The company said it’s working on fixes, like meal deals and new menu items, but it expects same-store sales to be down for the next few quarters. “Consumers still recognize …

McDonald's same-store sales fall for the 1st time since the pandemic, profit slides 12%
8 months ago

McDonald's same-store sales fall for the 1st time since the pandemic, profit slides 12%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald's posted weak sales in …

McDonald's is losing customers to inflation
8 months ago

McDonald's is losing customers to inflation

NPR  

McDonald's is losing customers to inflation McDonald's announced a drop in sales for the first time since 2020, when restaurants closed because of the pandemic. MARY LOUISE KELLY, HOST: McDonald's is selling fewer burgers for the first time since the pandemic shutdowns. SELYUKH: For a while, McDonald's benefited a lot from people trading down, choosing to go there instead of …

Americans keep turning their backs on McDonald’s
8 months ago

Americans keep turning their backs on McDonald’s

CNN  

CNN — Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers going to the fast-food company’s restaurants. McDonald’s isn’t alone: Starbucks, Burger King, …

Sneaky truth about the McDonald's '$5 meal' revealed
9 months, 1 week ago

Sneaky truth about the McDonald's '$5 meal' revealed

Daily Mail  

McDonald's president has come out fighting after criticism of the fast food chain's new $5 value meal. McDonald's also brought back app-only "Free Fries Friday" that allows customers to snag a free medium fry with any $1 minimum purchase through the end of 2024. They operate nine out of ten McDonald's and are worried that customers will trade down from …

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?
9 months, 2 weeks ago

Fast food chains launch ‘value menu’ war after cost complaints. Will it last?

LA Times  

Millions of American families are hitting the road to start summer vacation, and ordering food on the run tends to be par for the course. After McDonald’s announcement last month, other fast food restaurants followed suit. The fast-food giant described this profit increase as having “benefited from average check growth driven by strategic menu price increases.” Price-weary diners have taken …

McDonald's says $18 Big Mac meal was an 'exception' and news reports overstated its price increases
10 months ago

McDonald's says $18 Big Mac meal was an 'exception' and news reports overstated its price increases

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a post on the company’s website Wednesday, …

Reputation too comes with an expiry date
10 months, 2 weeks ago

Reputation too comes with an expiry date

China Daily  

Diners are seen at a McDonald's quick service restaurant in Beijing in September. Two McDonald's branches, one in Zhengzhou, capital of Henan province, and another in Jinan, capital of Shandong province, have, it seems, found a solution for food that doesn't sell by the sell-by date — just replace the use-by label. Back in 2012, CCTV had named a McDonald's …

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food
10 months, 2 weeks ago

McDonald’s launches a $5 Meal Deal as inflation-weary consumers ditch fast-food

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is set to …

Supersize me: McDonald’s plots bigger burgers
10 months, 4 weeks ago

Supersize me: McDonald’s plots bigger burgers

The Telegraph  

McDonald’s is preparing to roll out a bigger burger to help boost the fast food giant’s flagging sales. The bigger burger comes as McDonald’s grapples with sluggish demand as anti-Israel boycotts continue to hurt its sales. Pro-Palestinan campaign groups have called for diners to boycott McDonald’s after photos and videos on social media showed franchised stores in Israel offering free …

McDonald’s posts weaker-than-expected results after sales hit by boycott
11 months ago

McDonald’s posts weaker-than-expected results after sales hit by boycott

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Customers across the Middle East and in Muslim-majority markets …

McDonald's sales miss market expectations amid boycott calls in several markets
11 months ago

McDonald's sales miss market expectations amid boycott calls in several markets

Hindustan Times  

McDonald's, the global fast-food giant, has posted below expectations quarterly results in the first quarter as it fell short of Wall Street estimates for sales amidst economic pressures and geopolitical tensions. Global fast-food giant McDonald's sales miss expectations on the back of geopolitical tensions Despite posting a quarterly adjusted per-share profit of $2.70, slightly below analysts' estimates of $2.72, the …

McDonald's plans to step up deals and marketing to combat slower fast food traffic
11 months ago

McDonald's plans to step up deals and marketing to combat slower fast food traffic

Associated Press  

McDonald’s plans to step up deals and value messaging to combat slowing sales. “The consumer is certainly being very discriminating in how they spend their dollar,” McDonald’s President and CEO Chris Kempczinski said Tuesday during a conference call with investors. AP AUDIO: McDonald’s plans to step up deals and marketing to combat slower fast food traffic. Still, the same-store sales …

McDonald’s supersizes China bet as corporate America pulls back
11 months ago

McDonald’s supersizes China bet as corporate America pulls back

Live Mint  

HONG KONG—Some U.S. consumer brands in China are struggling with tepid consumer demand and a trend toward nationalist buying. China is now the fastest-growing market for McDonald’s and its second-largest by number of stores, with more than 5,500, the company said in November. The more than 1,000 new restaurants McDonald’s opened in China last year marked a record for the …

McDonald’s buys Israeli restaurants from franchisee after sales slump
11 months, 3 weeks ago

McDonald’s buys Israeli restaurants from franchisee after sales slump

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy McDonald’s is buying its restaurants …

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts
11 months, 3 weeks ago

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts

Associated Press  

McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. “McDonald’s remains committed to the Israeli market and to ensuring a positive employee and customer experience in the market going forward,” Jo Sempels, McDonald’s president of international developmental licensed markets, said in a statement, Alonyal has …

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa
11 months, 3 weeks ago

McDonald's forced to buy back all 225 Israel franchise restaurants after they gave free meals to IDF soldiers - sparking boycott in Middle East and other Muslim countries that caused 'meaningful' impa

Daily Mail  

Fast food chain McDonald's will buy back all of its Israeli restaurants following a boycott of the brand after it was criticised for giving away thousands of free meals to Israeli soldiers. McDonald's decision comes after widespread protests at its decision to give out free meals affected sales in the Middle East, Indonesia and France. Fast food chain McDonald's will …

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
11 months, 3 weeks ago

McDonald’s buys all 225 of Israeli franchise restaurants after boycotts

Al Jazeera  

McDonald’s has been subject to boycotts since franchisee Alonyal announced it would donate free meals to the Israeli military amid Gaza war. ‘It’s a human tragedy’ In February, Kempczinski said that the war had had a “disheartening” effect on sales in Middle Eastern countries and other Muslim-majority nations such as Malaysia and Indonesia. “It’s a human tragedy, what’s going on, …

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint
1 year, 1 month ago

Enough of the $29 KFC bucket and the $18 Big Mac meal! Americans fed up with rising fast food prices are voting with their feet as McDonald's, KFC, Pizza Hut and Taco Bell sales disappoint

Daily Mail  

McDonald's CEO has said in 2024 it will need to focus on 'affordability' Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of what were once affordable meals. Americans are turning their backs on fast food as some of the country's largest franchises continue to hike the prices of …

$18 combo meal! After price criticism McDonalds CEO vows to cut prices
1 year, 1 month ago

$18 combo meal! After price criticism McDonalds CEO vows to cut prices

Hindustan Times  

McDonald’s CEO Chris Kempczinski has addressed the criticism from customers who are unhappy with the rising prices of the fast food chain’s menu items. He also revealed that customers with low incomes, earning less than $45,000 per year, were ordering less from McDonald’s, and opting to eat at home more often, as the price of groceries went down. “The battleground …

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon
1 year, 1 month ago

McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon

Hindustan Times  

McDonald's and Starbucks, the two major American restaurant chains, have blamed the Israel-Hamas war for a negative impact on their sales at the end of the last year. McDonald's shares dropped by about 4% on Monday after the company revealed that its fourth-quarter revenue shortfall was partly caused by a slowdown in Middle Eastern sales. Starbucks sales decline in Middle …

McDonald’s breakneck expansion plan in 2024. Location? China
1 year, 1 month ago

McDonald’s breakneck expansion plan in 2024. Location? China

Hindustan Times  

McDonald’s Corp. will maintain its breakneck expansion in China despite weak consumer sentiment, as the burger chain follows its rivals in seeking more growth in lower-tier cities hungering for western fast food. That will account for nearly two-thirds of the new restaurants McDonald’s plans to open across all markets outside the U.S., Chief Financial Officer Ian Borden said in an …

McDonald’s blames Israel’s war in Gaza for missing sales target
1 year, 1 month ago

McDonald’s blames Israel’s war in Gaza for missing sales target

Al Jazeera  

Slump comes after customers in Muslim countries boycotted brand over its perceived support for Israel. McDonald’s has cited Israel’s war in Gaza as a factor in the fast food giant missing its first quarterly sales target in nearly four years. McDonald’s CEO Chris Kempczinski said on Monday that the war had had a “disheartening” effect on sales in Middle Eastern …

McDonald's admits 'strategic price increases' helped to boost profits in US restaurants (as $7.29 McMuffins and $8.39 Big Macs are now a grim reality) - and chain is going to get even MORE EXPENSIVE i
1 year, 1 month ago

McDonald's admits 'strategic price increases' helped to boost profits in US restaurants (as $7.29 McMuffins and $8.39 Big Macs are now a grim reality) - and chain is going to get even MORE EXPENSIVE i

Daily Mail  

McDonald's managed to boost profits by 7 percent as a result of charging customers more for McMuffins, Big Macs, McNuggests and fries. McDonald's chief executive officer Chris Kempczinski said on pervious earnings call that the law will have 'a wage impact for our California franchisees' Fast food workers will be paid at least $20 per hour when the law signed …

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024
1 year, 1 month ago

After a bumpy end to a banner year, McDonald’s says sales growth will moderate in 2024

Associated Press  

After three years of exceptional sales growth, McDonald’s appears to be returning to Earth. “I think we are moving into a 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on,” McDonald’s President and CEO Chris Kempczinski said Monday during a conference call with …

McDonald's to up stake to 48% in nation, mulls more restaurants
1 year, 4 months ago

McDonald's to up stake to 48% in nation, mulls more restaurants

China Daily  

A set meal with a toy at a McDonald's restaurant in Beijing, July 22, 2023. Fast-food giant McDonald's Corp is increasing its minority stake substantially in its business in China to facilitate faster decision-making and exploit growth opportunities in its fastest-growing market. China is now our second-largest market; we've doubled our restaurants to more than 5,500 since 2017," said Chris …

McDonald’s pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations
1 year, 5 months ago

McDonald’s pumps brakes on prices as US traffic falls slightly, but Q3 sales beat expectations

Associated Press  

McDonald’s said it’s pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. McDonald’s said its U.S. traffic fell slightly in the third quarter as it saw fewer visits from customers with annual incomes of $45,000 or less. McDonald’s revenue rose 14% to $6.69 billion, ahead of the $6.56 …

McDonald’s draws flak after Israel branch offers free food to IDF soldiers
1 year, 5 months ago

McDonald’s draws flak after Israel branch offers free food to IDF soldiers

Live Mint  

Fast food giant McDonald's drew criticism from several quarters on social media, after its branch in Israel announced that free food parcels would be provided to soldiers of the Israeli Defence Forces amidst the ongoing offensive in Gaza. A similar controversy erupted in a number of West Asian and Middle East countries, promoting the local branches of McDonald's in the …

McDonald's faces heat for offering free meals to Israeli troops amid Gaza offensive
1 year, 5 months ago

McDonald's faces heat for offering free meals to Israeli troops amid Gaza offensive

Hindustan Times  

Fast-food chain McDonald's has been facing a boycott call after its Israeli franchise announced on Instagram that it was giving thousands of free meals to hospitals and troops of the Israel Defence Forces. Earlier this week, McDonald’s Israel’s social media account announced that it had shipped 4,000 meals so far to Israeli soldiers amid a war with Palestine-based Hamas militants. …

McDonald's China bullish on biz prospects in nation
1 year, 7 months ago

McDonald's China bullish on biz prospects in nation

China Daily  

Diners are seen at a McDonald's quick service restaurant in Beijing in September. Fast food chain to propel digitalization for growth, eyeing 10,000 stores by 2028 McDonald's China said it is on track to open a total of 10,000 stores by 2028, propelled by deeper localization in its expansion, digitalization and supply chains, said its top executive. On the sixth …

Grimace campaign that went weirdly viral fuels McDonald’s Q2, yet growth may slow as inflation cools
1 year, 8 months ago

Grimace campaign that went weirdly viral fuels McDonald’s Q2, yet growth may slow as inflation cools

Associated Press  

McDonald’s is grinning thanks to Grimace after a marketing campaign to celebrate the “birthday” of its big purple mascot went viral and contributed to surprisingly strong second quarter sales. The price increases that have helped fuel McDonald’s sales in recent quarters will moderate as inflation comes down, Chief Financial Officer Ian Borden said Thursday in a conference call with investors. …

McDonald’s first quarter sales boosted by higher prices
1 year, 11 months ago

McDonald’s first quarter sales boosted by higher prices

Associated Press  

McDonald’s reported higher-than-expected sales in the first quarter as store traffic grew despite higher prices. Marketing campaigns, like a McSpicy chicken sandwich promotion with a streetwear brand in China, and a Valentine’s Day meal promotion in the U.S. with rappers Offset and Cardi B, also boosted the chain’s performance. “The customer certainly is dealing with some of the stress and …

Success Story Of McDonald's: From $366 First Day Sale To Global Footprint Of Billions In Revenue
1 year, 11 months ago

Success Story Of McDonald's: From $366 First Day Sale To Global Footprint Of Billions In Revenue

News 18  

McDonald’s is one of the largest and recognisable fast-food chains in the world, with over 40,000 locations in more than 100 countries. These numbers certainly speak about the volume of the company, but, do you know, the first day sales was $366.12 on April 15, 1955, when McDonald’s opened its first franchise on this day. 1954 Multimixer salesman Ray Kroc …

McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices
1 year, 11 months ago

McDonald’s Temporarily Shuts U.S. Offices as Chain Prepares for Layoff Notices

Live Mint  

McDonald’s Corp. is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about layoffs undertaken by the burger giant as part of a broader company restructuring. “During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” the company said in the message viewed by The …

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