TL;DR
McDonald's plans to lay off corporate workers as part of a cost-cutting effort to reduce expenses by $500 million in 2019. The company will provide more details during its town hall meeting on June 12.
According to CNBC , McDonald's is planning to reduce expenses in 2019 by $500 million by laying off corporate workers. The fast-food franchise sent an email to all U.S. employees, suppliers and franchises to share the news. The number of workers to be laid off has not been announced, but the franchise plans to provide more details during its town hall meeting on June 12.
"We are always evaluating ways to better serve our customers and continue to grow our business," Terri Hickey, a spokeswoman for McDonald's, told CNBC via email. "With that in mind, we are putting into place a new U.S. field structure that will better support our franchisees and will ensure McDonald's continues on a path to being more dynamic, nimble and competitive."
The downsizing announcement comes days after McDonald's opened its new headquarters in Chicago .
In this story
This story was originally published in 1851 Franchise on June 7, 2018. Burnaze summarizes and links to the original reporting.
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