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McDonald’s CEO Says Layoffs Are Coming

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McDonald's is planning to slash certain corporate employees, McDonald's CEO Chris Kempczinski said in a memo to employees sent out on Friday.

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“We will evaluate roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead,” Kempszinski said.

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“Certain initiatives will be de-prioritized or stopped altogether." 

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"This will help us move faster as an organization, while reducing our global costs and freeing up resources to invest in our growth.”

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“While there’s a lot for us to be proud of, you’ve also told us that there’s more we can do,” Kempczinski wrote to employees. 

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“We’re performing at a high level, but we can do even better.”

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The company must become more efficient, faster and more efficient, he added.

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McDonald's announces that it will announce its staffing plans for the future by the 3rd of April.

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