McDonald's plans reorganization, job cuts as it accelerates restaurant openings
Publishing timestamp: 2023-01-06 19:39:02
Summary
McDonald's is planning job cuts and reorganization to accelerate restaurant expansion. CEO Chris Kempczinski announced internal promotions and job cuts, which are not intended as a cost-cutting measure. Skye Anderson, Andrew Gregory, and Spero Droulias have been promoted. McDonald's shares closed up more than 2% on Friday.
Sentiment: NEUTRAL
Tickers: MCD,
Keywords: united states, mcdonald's corp, business, restaurants, business news, retail industry, breaking news: business,
Source: https://www.cnbc.com/2023/01/06/mcdonalds-plans-reorganization-job-cuts.html