Consumer
McDonald’s Quickens New Store Growth While Also Cutting Jobs
- Development efforts to build on new formats like Texas test
- Details of job reductions coming by April, company says
Customers enter a McDonalds Corp. restaurant in Munich, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
McDonald’s Corp. is accelerating new store openings to capture increased demand, while cutting corporate jobs as it winds down other priorities.
The fast-food company warned that it would be eliminating certain initiatives to help it “move faster,” according to an emailed statement Friday. McDonald’s also said it would be making job cuts that would be final by April 3.