This week, the fast-food giant McDonald's Corp. initiated an organizational restructuring that involved layoffs, reshuffling employees, and the closure of some offices. Advising McDonald's on its restructuring efforts has been done by consulting firm McKinsey & Co. This isn't the first time the fast-food chain has undertaken such an effort. In 2018, it was able to streamline operations that saved $500 million in administrative expenses. An internal company memo on Thursday showed the corporate restructuring unfolded in multiple waves this week. The memo said there were changes to positions and promotions for other employees, including ten corporate officers working across finance, operations, and marketing. https://www.zerohedge.com/markets/not-lovin-it-mcdonalds-slashes-pay-closes-offices-layoffs-workers