The Wall Street Journal cited an internal email saying U.S. staff and some corporate employees overseas should work from home while the company notifies people of their job status.
This photo shows a logo of a McDonald's restaurant in Havertown, Pa., on April 26, 2022. A report says McDonald’s has closed its U.S. offices for a few days as the company prepares to inform employees about layoffs. NEW YORK — A report says McDonald’s has closed its U.S. offices for a few days as the company prepares to inform employees about layoffs.
McDonald’s did not immediately reply to emailed requests for comment. The report said McDonald’s would inform its employees this week about staffing decisions that are part of a wide restructuring of the company announced earlier. Policymakers at the Federal Reserve have forecast the unemployment rate may rise to 4.6% by the end of this year, a sizable increase historically associated with recessions.
The company reported its global sales rose nearly 11% in 2022, while sales in the U.S. climbed almost 6%. Total restaurant margins rose 5%. In its latest annual report, it cited difficulties in adequately staffing some of its outlets.
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