McDonald’s to accelerate pace of new restaurant openings, FT reports

McDonald’s intends to accelerate the pace of new location openings while engaging in a cost-cutting program anticipated to result in job losses, the Financial Times’ Andrew Edgecliffe-Johnson reports. Chris Kempczinski, McDonald’s CEO since 2019, told FT in an interview that systemwide sales had risen by $20B to $120B a year since the start of the pandemic. The company told staff in a note that the company would "evaluate roles and staffing levels," with the aim of informing those affected by April 3, the author notes. Reference Link