The Clap McDonald’s (NYSE:MCD) is looking to speed up the expansion of restaurants, with an organizational restructuring on the agenda to help the company grow.
What The shift in focus to expansion will come with a restructuring of the company, which could include job cuts.
CEO Chris Kempczinski added that the job cuts are not a cost-cutting measure, but are to better streamline the company, allowing them to be more innovative and efficient.
Given McDonald’s worldwide presence, the company has grown very fragmented, with Kempczinski citing a lack of communication between different segments, slow innovation, and inefficiency in solving problems.
So What The new changes will come with an accelerated expansion of restaurants as McDonald’s looks to capture increased demand.
Now What It is unclear how many new restaurants McDonald’s plans to build or how many employees will be affected by job cuts.