The Wall Street Journal reported today that McDonald’s, one of the world’s largest fast-food chains, will temporarily close all of its offices in the US this week as it informs its corporate employees of a new round of layoffs. preparing to do.
The company sent a mail last week to its US employees to start working from home from Monday to Wednesday. The report states that McDonald’s took this decision so that it could deliver the news about the layoffs virtually. It is unclear how many employees will be laid off.
“During the week of April 3, we will be communicating key decisions related to roles and staffing levels across the organization,” McDonald reportedly wrote in the mail.
Employees have also been asked to cancel all in-person meetings scheduled for this week.
The fast-food chain said in January it would review corporate staffing levels as part of an updated business strategy, which could lead to layoffs in some areas and expansion in others.
The layoffs are expected to be announced by Wednesday.
Job cuts are on the rise as companies try to combat the global economic downturn and rising inflation. Several tech giants including Google, Amazon, and Facebook have drastically reduced their operations recently.
Indians are also among those most affected by mass layoffs in American tech companies. Hundreds of workers living in the US on temporary visas have lost their jobs and have little time left to find a new one.
H-1B visa holders who become unemployed can only legally stay in the US for 60 days without having to find new employers to sponsor them.
