Kempczinski laid out the plan for the Chicago-headquartered company’s global workforce on Friday.
“We will look at our strategy and our values in how we approach those decisions and support every affected member of the company. We will begin announcing major decisions by April 3,” read a letter from the CEO of the American multinational fast food chain.
The strategy, which also includes a review of McDonald’s corporate staffing, calls for the firm to cancel or prioritize certain initiatives, as well as accelerate store development. Therefore, apart from retrenchment, this move may also lead to expansion of some departments.
However, if there are layoffs, McDonald’s will join. growing list A number of companies – mostly tech and e-commerce giants – have laid off employees, or are planning to do so, in recent months. These include Meta, Twitter, Amazon, Apple, Vimeo.
Read also: ‘Grateful for the contribution, but the right thing to do’: Vimeo to lay off 11% of staff
The fast food major, however, did not specify how many new stores it plans to open. Currently, it is presence In over 38,000 locations in over 100 countries. Its global workforce is over 200,000.
(With Reuters inputs)