McDonald’s unveils new business strategy but warns of layoffs

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The new pland calls for the Chicago-based company to cancel or “de-prioritize” some initiatives while also accelerating development.

The new plan calls for the Chicago-based company to cancel or"de-prioritize" some initiatives while also accelerating development.Burger chain McDonald’s said Friday that it will review corporate staffing levels and aim to build more restaurants as part of an updated business strategy.

to global employees and seen by Reuters, calls for the Chicago-based company to cancel or “de-prioritize” some initiatives while also accelerating development.“We will look to our strategy and our values to guide how we reach those decisions and support every impacted member of the company,” the letter said, adding that McDonald’s will begin announcing key decisions by April 3.

 

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