WSJ: McDonald's Closes U.S. Offices Ahead of Layoffs

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WSJ: McDonald's Closes U.S. Offices Ahead of Layoffs
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McDonald’s has closed its U.S. offices for a few days as the company prepares to inform corporate employees about layoffs, according to a published report.

McDonald’s declined to comment on the report early Monday. The report said McDonald’s would inform its employees this week about staffing decisions that are part of a broad restructuring of the company announced earlier.

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. The company reported its global sales rose nearly 11% in 2022, while sales in the U.S. climbed almost 6%. Total restaurant margins rose 5%. In its latest annual report, it cited difficulties in adequately staffing some of its outlets.

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