Why McDonald’s is laying off corporate workers in a solid economy
VoxAUG 2023
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McDonald’s layoffs are the latest in a tidal wave of dismissals across massive multinational corporations – a bad sign for the fast-food industry and the economy at large. Despite being a historically stable industry, the fast-food market is not immune to the problems plaguing the overall economy. It seems that copycat layoffs are the new norm leading to thousands losing their jobs.
McDonald’s layoffs aren't alarming for the company or the fast-food industry. While these decisions are unfortunate, companies are focusing on maximizing efficiency and reducing labor costs. McDonald’s is still performing very well, and the layoffs will not have an impact on revenue. In fact, markets are responding well to them.