McDonald's Closes US Offices for Layoff Notices Amid Economic Downturn

03-04-2023

McDonald's will temporarily close all its offices in the US this week to inform its corporate employees about a fresh round of layoffs.

The company has asked employees to work from home from Monday to Wednesday to deliver the news virtually.

It is unclear how many employees will be fired.

McDonald's said in January that it would review corporate staffing levels as part of an updated business strategy, which could lead to layoffs in some areas and expansion in others.

The layoffs are expected to be announced by Wednesday.

Companies are implementing job cuts as they try to counter a global economic slowdown and soaring inflation.

Several tech giants, including Google, Amazon, and Facebook, have drastically scaled down their operations recently, leading to mass layoffs that have hit Indians living in the US on temporary visas.

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