A report says McDonald’s has closed its U.S. offices for a few days as the company prepares to inform employees about layoffs.
This photo shows a logo of a McDonald's restaurant in Havertown, Pa., on April 26, 2022. A report says McDonalds has closed its U.S. offices for a few days as the company prepares to inform employees about layoffs. –
Though the U.S. labor market remains strong, layoffs have been mounting, mainly in the technology sector, where many companies over-hired after a pandemic boom. IBM, Microsoft, Amazon, Salesforce, Facebook parent Meta, Twitter and DoorDash have all announced layoffs in recent months. 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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