Hundreds of Corporate Employees Facing Job Loss
Reuters revealed on Monday that the company plans to lay off hundreds of corporate employees this week.
Compensation Changes for Retained Employees
The fast-food giant offers some employees the option to stay with the company but with reduced compensation packages, which may include title changes, bonuses, and equity grants.
Job Cuts Impact Employees Worldwide
These job cuts and changes affect McDonald's employees in the United States and internationally, within the company's Chicago headquarters, field offices, and departments such as marketing and operations.
Review of Corporate Staffing Levels and Canceling Initiatives
With over 150,000 employees in corporate and other offices and company-owned and operated restaurants, McDonald's announced earlier this year that it was assessing corporate staffing levels and canceling or "de-prioritizing" some initiatives.