McDonald's is planning layoffs in the US, as part of a plan to save $500m annually by next year, the company said in a memo to employees.
"We are putting into place a new US field structure that will better support our franchisees and will ensure McDonald's continues on a path to being more dynamic, nimble and competitive," said Terri Hickey, a company spokesperson.
The consolidation of the US workforce comes as McDonald's is looking to keep up momentum in its years-long turnround, at a time when fast food has increasingly been shunned.
The company reported global same-store sales grew 5.5 per cent in the first quarter, as customers spent more on a revamped menu with ‘gourmet’ burgers and new dollar menu options.
McDonald's this week moved to a new corporate office in downtown Chicago, where it neighbours with the likes of Google – a departure from the sprawling campus in suburban Illinois that had been headquarters for nearly 50 years.
Chief executive Steve Easterbrook called the move "symbolic of our journey to transform our brand".
Shares in McDonald’s are up 3.6 per cent at $168.16 on Thursday, cutting its losses for the year to 2.3 per cent.
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