McDonald’s Cuts Pay Packages, Closes Offices Alongside Layoffs Across Chain

McDonald’s Corp.’s restructuring this week is reaching company wide, resulting in hundreds of layoffs and for some employees reductions in their compensation packages, according to people familiar with the matter.

Job cuts and changes at the burger chain have affected employees in the U.S. and abroad, at McDonald’s Chicago headquarters and in its field offices, and across departments including marketing and operations, the people said.