Proceeding with the layoff decision, McDonald’s management team will review the corporate staffing levels, scheduled on April 3rd, 2023.
Heaptalk, Jakarta — A layoff storm issue is still occurring around numerous business sectors, one of which is the American most outstanding fast food chain company, McDonald’s. This multinational fast food brand determines to perform a restructuring process, and job termination toward the team as the company intends to accelerate a restaurant expansion.
Based on the CEO of McDonald’s, Chris Kempczinski statement, this layoff decision is expected to continue bolstering the company in creating innovation and achieving a more efficient work environment, as this giant food chain company has been harmed by its outdated structure.
In a letter informed to employees worldwide, the company aims to review the corporate staffing levels, scheduled on April 3rd, 2023. Through this evaluation, this US-based fast food chain brand recognized this intention would encounter complex discussions to achieve a wise resolution.
“We will evaluate roles and staffing levels in parts of the organization, and there will be difficult discussions and decisions ahead. Certain initiatives will be de-prioritized or stopped altogether. This step will contribute to us moving more quickly as an organization while reducing our global costs and freeing up resources to invest in our growth,” affirmed the Chief Executive Officer of McDonald’s, Chris Kempczinski, as quoted in Business Today.
However, McDonald’s did not disclose the scope of the layoffs decision, which is still under review, and the impacted projects. However, during the interview session with Wall Street Journal, Kempczinki stated his team had not possessed a fixed amount of the workforce’s termination step.
“This determination will support us to move more quickly as an organization while reducing our global expenses. Thus, we aim to diminish our several human resources to invest more in our business growth,” added Kempczinski.
According to the latest annual report of McDonald’s, the corporate contained around 200,000 staff and workers in corporate roles as of 2021 and more than 2 million workforces who owned the restaurant worldwide, known as a franchise unit. Around 75% of them were based outside of the United States.
Following this shocking announcement, McDonald’s shares closed with a growth of more than 2% last Friday (06/01). Also, the company is anticipated to report its business performance report in Q4 on coming January 31st. 2023.
However, during the third quarter, as informed in finance detik, this food-chain company has accomplished US$5.87 billion, or nearly Rp90.98 trillion, compared to the Refinitiv prediction to reach US$5.69 billion, or approximately Rp88.19 trillion. Meanwhile, McDonald’s profit of each share has attained US$2.68 (Rp41,450), higher than Refinitiv estimation of only US$2.58 (Rp39,900).
