https://www.reuters.com/business/retail-consumer/mcdonalds-temporarily-shuts-us-offices-chain-prepares-layoff-notices-wsj-2023-04-02/ Hard to see this as employers took their benefits. Only employees get kicked off. Seems this tech company's layoff disease is caught by the food industry too. #mcdonalds #apple #amazon #meta #Google #wallstreet #nasdaq
It sounds like bad business planning done by MBAs
They’ll be fine, Albertsons is hiring
And Wendy's is also hiring
Is… is this the part where everyone else celebrates and says they’re overpaid while cheering on the billionaires laying off the working class? Or does that only apply when it happens to tech workers? Idk.
Same as AI replacing jobs. All cool as long as only affects others.
Finally , non tech is facing the music. Now the fed pivot is closer
McDonalds has been posting solid revenue growth and yet that's still not enough. Pure greed, like ordering a 20 mcnugget sharer box for yourself.
I’m usually drunk at 1am when I order the 20 McNuggets.
3 years ago, my McD order was $4. Last week I went there for the first time in a while and it was $11. At these prices, why wouldn’t you just get chipotle-tier food instead? I know I do
My guess is there will be broad layoffs across industries. That’s how you fight inflation. Historically it has happened in residential construction first, but it happened in the tech sector first. Edit: it’s worth taking a look at this graph https://fred.stlouisfed.org/series/UNRATE/