You can be on Entrepreneur’s cover!

McDonald's Cuts Jobs as Restructuring Efforts Continue Last month, the fast food giant cut hundreds of positions in hopes to cut $300 million by the end of 2017.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

McDonald's Corp said on Thursday it laid off in July 135 employees at its U.S. headquarters and 90 corporate employees posted overseas as part of a major restructuring at the fast-food chain, which has been fighting to reverse a long sales slump.

McDonald's Chief Executive Steve Easterbrook in May announced plans cut $300 million in costs by the end of 2017 as part of a corporate reset that includes simplifying and streamlining operations to make the company more nimble in an intensely competitive market.

"We do not take decisions that impact jobs lightly, but we committed in May to implement meaningful changes to reset our business, remove layers and find cost efficiencies, and we are acting with a sense of urgency on that commitment," McDonald's spokeswoman Heidi Barker Sa Shekhem said in a statement.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Meredith Mazzilli)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Mark Zuckerberg Told Meta Engineers to 'Figure Out' Snapchat's Privacy Protections: 'We Have No Analytics on Them'

Recently unsealed court documents detail "Project Ghostbusters," Meta's project to work around Snapchat's end-to-end encryption to intercept data.

Business News

Sam Bankman-Fried Sentenced to 25 Years in Prison for Multibillion-Dollar Crypto Fraud

Southern District of New York Judge Lewis Kaplan said that the loss amount to the victims of Bankman-Fried's crimes surpassed $550 million.

Growing a Business

The Brand Whiz Behind Sun Bum Is Famous For Making Boring Products Fun. Then, This One Stumped Him.

Everything Tom Rinks touched turned to gold until he took on a brand launch at Target that fizzled. Then, he found a creepy doll on Ebay, and he saw a way forward.

Thought Leaders

How To Improve Your Soft Skills and Emotional Intelligence in 7 Easy Steps

Using these simple but effective approaches will help a person in their business, life and relationships.