Saturday, June 18, 2016

Layoffs Loom At McDonald’s As $500 Million In Cost Cutting Begins



In an attempt to stay relevant McDonald’s begins the daunting task of cutting $500 million in costs by the end of 2017.

The outdated chain continues to fall on hard times as customer count and public perception declines.
According to an email acquired by Meat+Poultry the layoffs are set to begin:
In an email statement to MEAT+POULTRY, McDonald’s spokesperson Terri Hickey said “As part of our announced efforts to deliver $500 million in savings by the end of 2017, we are restructuring many aspects of our business, including an accounting function.”
In a letter to city officials, McDonald’s announced plans to lay off 70 employees at the company’s Columbus Accounting Center. The letter stated that the layoffs were consistent with McDonald’s “…plans to permanently restructure its operations and eliminate a number of roles…”
Layoffs will begin July 15 and end Dec. 16.
And it gets better, off to India we go!
The New York Post reported that McDonald’s plans to outsource some jobs to India as part of the company’s cost-cutting measures.

No comments:

Post a Comment