McDonald's plans to lay off workers as it streamlines management

11:55 AM ET Thu, 7 June 2018

McDonald's is planning to lay off workers as it slims down its corporate structure in an effort to reduce expenses by $500 million by the end of 2019. In an email to all U.S. employees, suppliers and franchisees, the company said that the Golden Arches would be restructuring its regional offices around the country. The company did not elaborate on the number of positions that would be reduced.