Business

McDonald's temporarily shuts US offices, prepares layoff notices

April 3, 2023 11:20 am

McDonald's logo. [Source: Reuters Business]

Burger chain McDonald’s Corp (MCD.N) is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported.

In an internal email last week to U.S. employees and some international staff, McDonald’s asked them to work from home from Monday through Wednesday so it can deliver staffing decisions virtually, the report said. It is unclear how many employees will be laid off.

McDonald’s also asked employees to cancel all in-person meetings with vendors and other outside parties at its headquarters, the report added.

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McDonald’s did not immediately respond to Reuters’ request for comment.

The fast-food chain said in January that it would review corporate staffing levels as part of an updated business strategy, which could lead to layoffs in some areas and expansion in others.

McDonald’s is expected to begin announcing key decisions by Monday.