McDonald’s Corporation is making sweeping changes to become better and more competitive in the fast-food industry. To inform corporate staff of potential job cuts, the multinational fast food chain has announced that all its corporate offices in the United States will be closed this week.
The temporary closure was announced in an internal email sent to U.S. and international personnel informing them they would need to work from home on March 29, 30, and 31st.
In January, Chris Kempczinski, CEO of McDonald’s Corp., had forewarned that “strong measures” and “hard decisions” were forthcoming. There were no specific details given on how many positions may be impacted. However, the company said in its email that some current jobs may be reassigned or eliminated.
McDonald’s is shifting its restaurant openings into high gear and examining what other convenience-based businesses can be launched. For example, a Forth Worth, Texas, location has debuted an Order Ahead Lane to cater to modern demands.
As of Thursday, March 30th, McDonald’s Corp. shareholders observed the company’s stock check-in at a record high. Financial analyst and Seeking Alpha contributor, David Zanoni, credits the increase to a steady rise in earnings per share over the last three months.
Overall, McDonald’s is committing to a strong business strategy that includes cost-cutting and emphasizing efficiency and innovation. These hard decisions spell out the burger giant’s future success, as evidenced by recent investor confidence indicated by the highest stock rate.