McDonald’s head offices to close briefly ahead of layoffs

McDonald’s offices to close briefly ahead of layoffs: report
https://archive.vn/NxOdZ

NEW YORK (AP) — A report says McDonald’s has closed its U.S. offices for a few days as the company prepares to inform employees about layoffs.
The Wall Street Journal cited an internal email from the Chicago-based fast-food giant saying U.S. corporate staff and some employees overseas should work from home while the company notifies people of their job status.
McDonald’s did not immediately reply to emailed requests for comment. The report said McDonald’s would inform its employees this week about staffing decisions that are part of a wide restructuring of the company announced earlier.
Though the U.S. labor market remains strong, layoffs have been mounting, mainly in the technology sector, where many companies over-hired after a pandemic boom. IBM, Microsoft, Amazon, Salesforce, Facebook parent Meta, Twitter and DoorDash have all announced layoffs in recent months.
Policymakers at the Federal Reserve have forecast the unemployment rate may rise to 4.6% by the end of this year, a sizable increase historically associated with recessions......
WGN 04/03/2023