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Business

Bibhu Pattnaik

McDonald’s Plans Reorganization, CEO Says Layoffs Are Coming: What Investors Need To Know

McDonald Chris Kempczinski United States

McDonald's logo is seen in Tel Aviv, Israel on December 29, 2022. McDonald's employs around 200,000 people in corporate roles and its owned restaurants. BEATA ZAWRZEL/BENZINGA

A McDonald’s sign is seen on a building of a McDonald’s restaurant. McDonald’s CEO Chris Kempczinski emphasized the developing plans for new restaurants. MATEUSZ SLODKOWSKI/BENZINGA

Chicago-based McDonald’s Corp has announced that it will accelerate its restaurant expansion plan and review corporate staffing levels as part of its new business strategy.

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