McDonald’s Cost Cutting Efforts Continue and so Does Layoffs

McDonald’s Cost Cutting Efforts Continue and so Does Layoffs

McDonald's as a part of its cutting efforts of $500 million, announced in November, in general and administrative spending has been trimming staff at several of its offices including its headquarter.

As a part of restructuring, in January, the company laid off sixty three workers at its headquarters and other 225 in August.

Reportedly, the burger chain based in Oak Brook, Illinois is offering buyouts to higher level staff like directors and vice-president at its corporate headquarters.

Terri Hickey, a McDonald's spokesperson said, "As we said last November when we shared details of our turnaround plan, we made a commitment to restructure for growth and deliver $500 million in savings by the end of 2017. Building a better McDonald's involves modernizing our business so we can better deliver on our customers' expectations."

Around four hundred McDonald's workers could be eligible for such buyout packages that provides severance pay depending on salary and how long they worked with the company.

In the coming months, the company will lay off workers at the Columbus Accounting Center, where twenty six employees will be laid off in July with some more till December said a company layoff notice in Ohio.