McDonald’s Temporarily Shuts US Offices, Prepares Layoff Notices: Report

The Wall Street Journal reported today that McDonald’s is temporarily shutting its US offices and preparing layoff notices.

McDonald’s, one of the world’s largest fast-food chains, has temporarily closed all its offices in the US this week as it prepares to inform its corporate employees about a fresh round of layoffs, the Wall Street Journal reported today.

The company sent a mail to its US employees last week to start working from home from Monday to Wednesday. McDonald’s took the decision so that it can deliver news about the layoffs virtually, the report stated. It is unclear how many employees will be fired.

“During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” McDonald’s reportedly wrote in the mail.

Employees have also been asked to cancel all in-person meetings scheduled this week.

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According to audio of the 5 p.m. ET meeting obtained by CNBC, Virgin Orbit has failed to secure funding and will cease operations, laying off nearly the entire workforce.

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