McDonald's president who made $7.4 million last year says proposal to pay fast-food workers $22 an h

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4. McDonald's CEO says layoffs are coming

McDonald’s is planning to cut some of its corporate staff, CEO Chris Kempczinski said in a memo to employees Friday.

“We will evaluate roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead,” Kempszinski said. “Certain initiatives will be de-prioritized or stopped altogether. This will help us move faster as an organization, while reducing our global costs and freeing up resources to invest in our growth.”

McDonald’s has been a star of the pandemic: People ordered more takeout from the company during the early days of Covid and sales have surged over the past year as inflation sent restaurant-goers looking for cheaper options.

But the company said it’s not resting on its laurels, the CEO said, outlining a plan to break down internal barriers, grow more innovative and reduce work that doesn’t align with the company’s priorities.

McDonald’s also plans to accelerate the pace of its restaurant openings to respond to increased demand. The company said it sees an opportunity for further growth in many of its major markets.

...https://www.cnn.com/2023/01/06/business/mcdonalds-layoffs/index.html