McDonald's

McDonald's Cuts Jobs as Restructuring Efforts Continue

1 min read
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)

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.