June 7, 2018 / 2:03 PM / a year ago

McDonald's plans fresh round of layoffs - WSJ

June 7 (Reuters) - McDonald’s Corp is planning a new round of layoffs to further shrink its corporate structure, the Wall Street Journal reported on Thursday citing an email the company sent to all its U.S. employees, suppliers and franchisees.

McDonald’s USA President Chris Kempczinski said some employees will ultimately exit the company but did not mention the scope of the headcount reduction, according to the memo cited by the newspaper on.wsj.com/2HrnyHO.

McDonald’s did not immediately respond to Reuters request for comment.

Shares of the burger chain rose about 2 percent in early trading. (Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber)

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