You’ve heard of the recent Meta layoffs, where thousands of workers were retrenched in Mark Zuckerberg’s pursuit of making a whole universe in cyberspace.
This time, however, you do not hear about layoffs from any Big Tech firms but McDonald’s.
McDonald’s is currently conducting a series of retrenchments in the United States.
Fortunately, McDonald’s Singapore will not be affected by the layoffs.
Here’s why.
McDonald’s Singapore Run by a Local Company
The outlets in Singapore are not directly managed by McDonald’s but by a local company called Hanbaobao.
Yes, that Hanbaobao you saw on your receipts that left you confused.
According to a spokesman who spoke to the Straits Times, the company also oversees the employment of its 10,000 workers, which mainly comprise those not working in corporate.
Thus, what is happening in the US now does not affect McDonald’s here.
It is unknown how many McDonald’s Singapore employees are corporate workers.
Layoffs in the US
According to the Wall Street Journal, McDonald’s shut down its offices in the United States this week in preparation for the layoffs.
The layoffs come as a part of a broader company restructuring.
McDonald’s sent an e-mail to American staff and some international workers to tell them to work from home from Monday to Wednesday so that they could inform their employees of the layoff updates online.
All physical meetings with suppliers and third parties at its headquarters were cancelled.
The number of employees to be laid off has yet to be confirmed.
The Popularity of McDonald’s
McDonald’s was first started in the United States by brothers Maurice and Richard McDonald in 1948.
Originally a drive-thru barbecue restaurant in San Bernardino, California, the brothers turned it into a restaurant selling burgers, fries and milkshakes.
Ray Kroc, a kitchen appliance salesman, supplied the restaurant and eventually bought the rights to franchise McDonald’s restaurants in the US, creating the fast food chain we know today.
The first McDonald’s outside the US was opened in 1967 in Richmond, Canada. By the early 2000s, McDonald’s had expanded so much that there were about 34,000 outlets worldwide in 115 countries and territories.
Now, McDonald’s has strongly retained its popularity in the US. In 2021, it had the largest sales of all fast-food restaurants at $45.96 billion.
This is nearly double that of Starbucks, the chain with the second largest sales, although Starbucks has more locations in the US than McDonald’s.
It is a fast food classic indeed.
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