McDonald's , Closes Offices , Ahead of US Layoffs.<br />'Time' reports that McDonald's will temporarily shut <br />down all of the company's offices in the United <br />States this week ahead of announced layoffs.<br />'Time' reports that McDonald's will temporarily shut <br />down all of the company's offices in the United <br />States this week ahead of announced layoffs.<br />According to an email sent to employees, staff have <br />been asked to work from home from April 3 to <br />April 5 so that layoffs could be communicated virtually. .<br />According to an email sent to employees, staff have <br />been asked to work from home from April 3 to <br />April 5 so that layoffs could be communicated virtually. .<br />Some jobs that are existing <br />today are either going to get <br />moved or those jobs may go away, Chris Kempczinski, McDonald's Chief Executive Officer, via 'Time'.<br />'Time' reports that McDonald's employs <br />about 45,000 people in the U.S., including<br />both its corporate offices and stores.<br />'Time' reports that McDonald's employs <br />about 45,000 people in the U.S., including<br />both its corporate offices and stores.<br />The layoffs come following a wave <br />of cuts across multiple industries amid <br />fears that the economy is dwindling.<br />With the war in Ukraine and <br />all the world in, or entering into <br />recession, their companies are <br />trenching as demand is falling, <br />belt tightening is going on, John Van Reenen, Ronald Coase School Professor at the London School of Economics, via 'Time'.<br />With the war in Ukraine and <br />all the world in, or entering into <br />recession, their companies are <br />trenching as demand is falling, <br />belt tightening is going on, John Van Reenen, Ronald Coase School Professor at the London School of Economics, via 'Time'.<br />One part of this is just a general <br />reflection of what’s happening in the <br />economic situation around the world, John Van Reenen, Ronald Coase School Professor at the London School of Economics, via 'Time'.<br />'Time' reports that while McDonald's reported <br />increases in the company's quarterly sales, the <br />rising cost of food has impacted profit margins.<br />'Time' reports that while McDonald's reported <br />increases in the company's quarterly sales, the <br />rising cost of food has impacted profit margins.<br />According to the latest consumer price index, <br />the price of food is up 6% from last February, <br />and expected to climb beyond historical rates.<br />According to the latest consumer price index, <br />the price of food is up 6% from last February, <br />and expected to climb beyond historical rates.<br />'The Wall Street Journal' reports that McDonald's CEO <br />Chris Kempczinskiv expressed aims to broadly reduce <br />operation costs while boosting profits with new stores.<br />'The Wall Street Journal' reports that McDonald's CEO <br />Chris Kempczinskiv expressed aims to broadly reduce <br />operation costs while boosting profits with new stores
