McDonald’s CEO Chris Kempczinski Announced Layoffs of 2 Lakh Employees in April

Arpa Times January 9, 2023

McDonald’s Layoffs : McDonald’s CEO Chris Kempczinski has announced that layoffs are going to happen by April to reduce costs. Kempczinski told The Wall Street Journal that some of the jobs that exist today are either going to move or may be lost. McDonald’s plans to announce its decision about the layoffs by April 3.

As per reports, McDonald’s CEO Chris Kempczinski has announced that the world-famous fast-food chain would be laying off employees from the corporate wing of the company. These McDonald’s Layoffs are likely to take place in April 2023.

McDonald’s Layoffs : 2 Lakh Employees can Lose Job

McDonald’s Last reported about 2 million corporate employees and workers at company-owned restaurants. Kempczynski said they will evaluate roles and staffing levels in certain parts of the organization. And there will be difficult decisions ahead.

McDonald’s Layoffs : CEO Chris Kempczinski’s Memo

In the memo, he said, some initiatives will be de-prioritized or stopped altogether. This will help us grow faster as an organization. While reducing our global costs and freeing up resources to invest in our growth. McDonald’s, in fact, made a lot of money during the pandemic because people did a lot of takeout and increased sales.

However, in the memo issued, the CEO has state that these layoffs are not due to cost cutting but in order to “innovate faster and work more efficiently.”

CEO Chris Kempczinski said – We Can Do Better

However the CEO says that while there is much for us to proud of. You have also tell us that there is much more we can do. We are performing at a high level, but we can do even better. Apart from McDonald’s, some of the largest US companies such as Amazon, Goldman Sachs and Salesforce have announce massive layoffs as the new year begins.