Key takeaways
- McDonald’s is making remote layoff announcements to corporate employees after shutting its offices temporarily, having announced the job cuts earlier this year
- The fast food mega-chain’s stock was up 0.9% at the news and is overall up nearly 7% this year
- McDonald’s is considered a ‘safe’ stock, but it faces some hurdles in the near future
Fast food titan McDonald’s is laying off corporate employees this week as it concludes the review process, having temporarily shut the offices so it can do the deed remotely. The layoffs were announced earlier this year in another blow to white-collar workers, who are bearing the brunt of job cuts thus far.
The experts aren’t worried about this particular move, and Wall Street seems happy enough with McDonald’s new business strategy. But there are some potential storms on the horizon for McDonald’s that may cause a dip in profits.
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