McDonald’s to lay off hundreds of corporate employees, Reuters reports

McDonald’s plans to lay off this week "hundreds" of corporate employees, Jessica DiNapoli and Hilary Russ of Reuters report, citing a source familiar with the company’s thinking. McDonald’s is moving forward with a previously announced restructuring and is closing its offices "out of respect," and to "provide dignity, confidentiality, and comfort to our colleagues," said the source. McDonald’s will have more employees going into new roles this week or receiving promotions then being laid off, the source added. The layoffs do not include the more than 2M workers in franchised McDonald’s restaurants around the world, Reuters adds. Reference Link