When McDonald's starts laying off people, we are in a bad economy. Hang in there. https://www.businessinsider.com/read-mcdonalds-memo-to-staff-outlining-shift-in-strategy-layoffs-2023-4
If yoi think about it they were due to layoff. Were you a customer lately because theyre moving to automation by replacing cashiers with kiosks. Soon theyll be coming out with a robot to make the burgers and fries
They are laying off office jobs, not minimum wage workers. This means the whole corporate business is shrinking
Ok, but you wonder why they still use people. If you are operating at a large scale for a simple menu a robot shouldnt be that difficult to install. Not to mention the benefits diners would see. A clean burger, fresh fries, ice cream machines on point, warm apple pies, drinks with calibrated ice proportions, finished with minimal time.
Actually they are doing really well. They just have a lot of antiquated systems, brought in a new consultant to automate, and realize they don’t need some people they hired. Sad but expected.
Are we in a bad economy or did a domino effect, started by activist investors, figure out a way to tip the scales away from an empowered labor force and towards employers?
Is it really a bad economy indicator when the shittiest fast food is laying off?
It might be bad but its customer base is so diverse. If such a company is laying off, then that is a good indicator.
We'll probably save a lot of money for cardiac rehabilitation, though 😁
Sir, this is a Wendy’s.
Surviving so far. Hope I can survive through this week
Good luck. 🤞
Thank you
Lots of insider stock selling. That should tell something about their upcoming quarters
How do you track insider Stock selling of companies ?
were they doing good before this, with the rise of chipotle?
What rise? Chipotle is still having a niche customer base unlike McDonald's. I didn't follow the growth of Chick-fil-A to see if they are causing this.
ah I shoulda said the general competition
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Wendy’s is hiring
Lol. Maybe they are next
Who the hell wants to live in Columbus OH?