McDonald’s to lay off hundreds of corporate employees in big overhaul: report

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McDonald’s to lay off hundreds of corporate employees in big overhaul: report
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McDonald’s will have more employees going into new roles this week or receiving promotions than being laid off, the source added.

The chain known for its Golden Arches has more than 150,000 employees globally, with about 70% based outside of the United States, including in company-owned restaurants.

The layoffs do not include the more than 2 million workers in franchised McDonald’s restaurants around the world.The chain known for its Golden Arches has more than 150,000 employees globally.as part of an updated business strategy, which could lead to layoffs in some areas and expansion in others. As part of updating its strategy, McDonald’s also plans to build new restaurants. It has hiked prices on its menu over the last year as commodity and labor costs have soared.

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