Oracle Shares Fall as New Mexico AI Data Center Faces Power Delays 
Novo Nordisk Strikes €1.17 Billion Nanexa Drug Delivery Deal 
Select Water Solutions Shares Surge on $700 Million Pilot Water Deal 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk 
Former OpenAI Data Center Chief Chris Malone Joins Nvidia 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Trump, Xi Focus on Trade and AI at White House Summit 
Apple Extends Qualcomm Patent Licensing Deal 
Solidigm Eyes $150 Billion IPO as SK Hynix Expands AI Storage Push 
Almonty Industries Shares Jump 8% After Stifel Sets $25 Target 
Meta Found Liable in New Mexico Facebook Data Privacy Case 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Tesla Semi Rollout Begins at Nevada Factory 
Dubai’s connectivity remains strong in an uncertain world 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Add as a preferred source on Google
McDonald’s Corporation is shutting down its offices in the United States and reportedly preparing to release layoff notifications to its employees. The closing of the workplace will be temporary, but job cuts are imminent as the fast-food chain restructures.
McDonald's is closing its U.S. offices this week, and corporate employees may receive job termination notices soon. This comes as the burger joint made the decision to restructure that will include most of the company's business divisions.
As per Fox Business, McDonald's sent out an email to its staff in the U.S. last week. Some international workers also received the email, and they were informed that starting Monday this week, they should work from home until Wednesday. The fast-food chain said this setup would allow it to send staffing decisions online.
"During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization," part of McDonald’s internal email to employees reads via The Wall Street Journal. "During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,"
The company did not say how many staff are going to be affected by the upcoming job cuts in the midst of the restructuring. It was noted that McDonald’s chief executive officer, Chris Kempczinski, already warned workers about the possible layoffs by telling them in January that difficult discussions and decisions are in the offing.
"We will evaluate roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead," the CEO said. "Some jobs that are existing today are either going to get moved or those jobs may go away."
Finally, Reuters reported that McDonald’s also requested its staff to cancel all in-person meetings with the company’s vendors and other external parties at its HQ. the company could not be immediately reached for comments.
Photo by: Eshak Angell/Unsplash
