With Recession Looming, Major Fast Food Chain Warns That Layoffs Are Coming – Only a Matter of Time

With the expectation that a looming recession will take a bite out of its profits, McDonald’s plans to get rid of some corporate-level jobs.

Burger chain CEO Chris Kempczinski said he wants to cut costs but does not have a target for how much to save or how many jobs to cut.

“Some jobs that are existing today are either going to get moved or those jobs may go away,” Kempczinski said Friday, according to The Wall Street Journal.

The chain will inform those heading for the exit by April 3.

“There will be difficult discussions and decisions ahead,” McDonald’s said in a company-wide message.

“We will evaluate roles and staffing levels in parts of the organization, and there will be difficult discussions and decisions ahead,” Kempczinski wrote in a memo to staff obtained by the Epoch Times, which noted McDonald’s has about 200,000 staff at the corporate level.

“Certain initiatives will be deprioritized or stopped altogether. This will help us move faster as an organization while reducing our global costs and freeing up resources to invest in our growth.”

Kempczinski framed the cuts as a reorganization in the name of efficiency.

“Today, we’re divided into silos with a center, segments, and markets. This approach is outdated and self-limiting — we are trying to solve the same problems multiple times, aren’t always sharing ideas and can be slow to innovate,” he wrote.