Layoffs Loom as McDonald’s Closes US Offices

In an unsettling development, McDonald’s has opted to shutter its U.S. offices, signaling the impending layoffs of a portion of its 150,000-strong global workforce.

Just last week, the fast-food giant advised its U.S. personnel to remain at home from Monday to Wednesday, noting that decisions concerning staffing could be communicated virtually.

Additionally, the company called off face-to-face meetings with vendors at its headquarters.

McDonald’s to reveal staffing changes

During the week starting April 3, the firm intends to reveal key determinations about roles and staffing numbers across the organization, according to The Wall Street Journal. In January, McDonald’s CEO Chris Kempczinski conceded “current positions might either be relocated or potentially phased out.”

In a separate development, Amazon, the e-commerce giant, made the decision to cut 9,000 positions in March.

The year 2023 has seen the tech industry battered by a wave of layoffs. As of the onset of April, a staggering 121,205 individuals had been let go, based on data from layoffs.

The end of March witnessed a spate of layoffs across various companies. On March 31, Netflix acknowledged several job cuts, while Roku unveiled its decision to let go of 200 employees, a day prior, following a previous round of 200 layoffs in November.

Simultaneously, Unacademy declared the dismissal of 12% of its workforce, subsequent to releasing 350 employees in November.

Inflation remains a persistent issue, says Strategic Wealth Partners’ CEO

In another development, Lucid announced on March 28 the termination of 1,300 positions.

Earlier in the month, Meta CEO Mark Zuckerberg divulged plans to lay off 10,000 individuals on March 14. Furthermore, Disney disclosed in February that a staggering 7,000 employees would be affected by layoffs.

Late in January, Strategic Wealth Partners’ CEO and President Mark Tepper shared his thoughts on the economic landscape, asserting, “Contrary to Joe Biden’s assertions, the economy is losing steam and someone must remind him: Those who live by the sword shall perish by it.”

He went on to add, “It appears they’re preoccupied with uncorking champagne, reveling in the notion that we’ve moved beyond peak inflation.”

“Yet, the core PCE figure remains at 4.4%, twice the target, and the persistent aspects of inflation — such as wages, rent, and food — are soaring unabated.”

This article appeared in Right Wing Insider and has been published here with permission.