McDonald's CEO warns of possible 2023 layoffs this spring

McDonald's CEO warns of possible 2023 layoffs as chain leans into fast service, innovation, and operational efficiencies

McDonald's CEO Chris Kempczinski warned staff Friday of possible layoffs in the spring as part of a plan to move faster, lean into operational efficiencies, and push innovation.

The executive said he plans to build on the company's Accelerating the Arches growth strategy, first introduced in late 2020. The new plan calls for eliminating"silos" within the company by having more of"collective focus of our entire system," he said.

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