More trouble is brewing at the Golden Arches.
Fast food company McDonald's is laying off 63 workers at its Oak Brook, Illinois, headquarters as part of the company's goal to reign in $100 million in costs, a company spokeswoman told Crain's Chicago Business.
Shares for McDonald's were unchanged in after-hours trading.
The job cuts will take place in early February with a second set of layoffs scheduled for the first quarter, targeting employees in U.S. operations. There are 1,700 workers in its corporate headquarters.
In a statement posted online, the company said it aims to funnel the savings from the layoffs to improve its marketing and to promote new restaurant strategies—which the company hopes will assist in business growth.
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"McDonald's is moving with a sense of urgency to improve our financial performance by taking actions based on the long term," a spokeswoman said in the statement. "This includes a diligent review of our corporate home office and McDonald's USA's structures and resources in order to redirect nearly $100 million in savings toward business priorities."
The burger company's same-store sales have tumbled in recent months, as it struggles to retain customers here and abroad. In October, McDonald's reported its worst monthly comparable-sales decreases in the U.S. and Europe since early 2003.