McDonald's to announce staff cuts
McDonald’s managers who will lose their jobs will be notified by June 28, but the company hasn't yet revealed how many employees will go in the planned restructuring. That number is expected to be revealed soon, according to The Wall Street Journal. Cuts to "layers" of management are part of a half-billion-dollar plan to shrink administrative expenses by 2019. On Monday, McDonald’s USA President Chris Kempczinski said employees and franchisees would have more support from the company even though many management jobs will go, per the Journal.