Fast food giant lays off hundreds and reduces pay packages
Among those laid off were senior employees who had worked at McDonald’s for decades as well as those who held positions at the company for just a few years. Some wrote emotional goodbye messages to colleagues and restaurant operators, including a director who worked at McDonald’s for over 20 years and bid farewell via a haiku posted on LinkedIn.
Consulting firm McKinsey & Co. served as an adviser to McDonald’s on the chain’s restructuring effort, according to people familiar with the matter. McDonald's U.S President Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois, United States March 5, 2018. REUTERS/Richa Naidu
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