The Facts
McDonald’s Corp. has temporarily closed its US offices and started informing employees about layoffs as part of a broader company restructuring.
US employees and some international staff were told to work from home Monday through Wednesday, so that the company could deliver staffing decisions virtually.
The Spin
Narrative A
McDonald’s layoffs are the latest in a tidal wave of dismissals across massive multinational corporations – a bad sign for the fast-food industry and the economy at large. Despite being a historically stable industry, the fast-food market is not immune to the problems plaguing the overall economy. It seems that copycat layoffs are the new norm leading to thousands losing their jobs.
Narrative B
McDonald’s layoffs aren't alarming for the company or the fast-food industry. While these decisions are unfortunate, companies are focusing on maximizing efficiency and reducing labor costs. McDonald’s is still performing very well, and the layoffs will not have an impact on revenue. In fact, markets are responding well to them.
