Tim Conway Jr

Tim Conway Jr

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McD's Begins Cuts

McDonald’s has temporarily closed its U.S. offices this week and has started informing corporate employees about layoffs being made as part of a broader company restructuring. 

  • Some McDonald’s workers began to hear about the fate of their jobs Monday, including the company’s corporate vice president of insurance who was let go after 20 years.
  • The chain said in an internal email last week that employees should work from home from Monday through Wednesday so it can deliver staffing decisions virtually.
  • The company asked employees to cancel all in-person meetings with vendors and other outside parties at its headquarters.
  • In January, McDonald’s said the layoffs weren’t a cost-cutting measure, but instead are meant to help the company innovate faster and work more efficiently.

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