A report says McDonald's has closed its U.S. offices for a few days as the company prepares to inform corporate employees about layoffs.
There have been cuts in other sectors as well.
Policymakers at the Federal Reserve have forecast the unemployment rate may rise to 4.6% by the end of this year, a sizable increase historically associated with recessions. The company reported its global sales rose nearly 11% in 2022, while sales in the U.S. climbed almost 6%. Total restaurant margins rose 5%. In its latest annual report, it cited difficulties in adequately staffing some of its outlets.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
McDonald's temporarily shuts US offices, prepares layoff notices, Wall Street Journal reportsMcDonald's Corp is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about layoffs undertaken by the burger giant as part of a broader company restructuring, the Wall Street Journal reported on Sunday.
Read more »
Former Moscow correspondent predicts what awaits detained Wall Street Journal reporter in RussiaFormer NPR Moscow correspondent Lucian Kim weighs what Wall Street Journal reporter Evan Gershkovich could face having been charged with espionage in Russia.
Read more »
Blinken, Lavrov hold call over detained Wall Street Journal reporterLavrov told Blinken that Evan Gershkovich's fate would be determined by a court.
Read more »
Brittney Griner says she has 'great concern' for Wall Street Journal reporter held in RussiaBrittney Griner, who was detained in Russia for months, has expressed concern for Wall Street Journal reporter Evan Gershkovich, who was arrested in that country last week.
Read more »
Blinken demands Russia release detained Wall Street Journal reporter in rare call with Kremlin counterpartSecretary of State Antony Blinken demanded the release of detained Wall Street Journal reporter Evan Gershkovich in a phone call with Russian Foreign Minister Sergey Lavrov Sunday.
Read more »