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McDonald’s plans reorganization, job cuts

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McDonald’s will be evaluating staffing levels as the company undergoes a reorganization and refocuses its priorities to accelerate restaurant expansion, CNBC has learned.

The fast-food giant said the job cuts aren’t a cost-cutting measure but are instead intended to help the company innovate faster and work more efficiently.

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Additionally, McDonald’s said it plans to accelerate its development plans.

“We must accelerate the pace of our restaurant openings to fully capture the increased demand we’ve driven over the past few years,” CEO Chris Kempczinski said in a company-wide memo viewed by CNBC.

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The company has not decided how many new restaurants it will build yet nor how many jobs will be eliminated as part of the reorganization. Kempczinski said that the company will finalize and begin to communicate decisions on the layoffs by April 3.

This story is developing. Please check back for updates.

Source: CNBC

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