Macdonalds massive restructuring

[Windwaver]

McDonald's CEO Chris Kempczinski recently sent a letter to employees around the world saying the company will roll out cost-cutting programs, launch a massive restructuring, eliminate some jobs and lay off staff.

[Jman888]

majority are franchise, will the franchisees follow his instructions?

[Mockngbrd]

SG Macs seems to be doing quite well 

[mersaylee]

7 minutes ago, Mockngbrd said:

SG Macs seems to be doing quite well 

Especially laoya point...loyang point one...fast food becums slow food... 😅

[Voodooman]

8 minutes ago, Jman888 said:

majority are franchise, will the franchisees follow his instructions?

Why would he bother with the franchisees when royality is at top line level (typically)?

[Windwaver]

So retrench tech staff?

Uncles and aunties safe?

 

[inlinesix]

4 minutes ago, Windwaver said:

So retrench tech staff?

Uncles and aunties safe?

Nowadays, McD uses self service machine.

Retrench tech staff then who maintain these machines

🤭

[Atonchia]

48 minutes ago, mersaylee said:

Especially laoya point...loyang point one...fast food becums slow food... 😅

They also understand some hawkers can

1) scold patrons for ordering too slowly

2) told them to queue up and wait

But still very long queue. 

Probably trying something similar😅😅

[Atonchia]

26 minutes ago, Windwaver said:

So retrench tech staff?

Uncles and aunties safe?

 

SG one should be safe.

All under staff and already rolled out self ordering system......

Probably bcos of the success on the model in SG, the CEO rolling out to all other markets😂

[Macrosszero]

What I don't understand is that they rolled out self-ordering system and introduced table service......

[Ct3833]

The CEO's job of a listed mnc is to ensure profit of the company will continue to grow, otherwise he will lose his job ,  in order to protect his job and get fat share options, the most natural thing to do for a CEO is to cut jobs to save cost. Whether the new business model is sustainable is not his copncern because he would have parachuted off with million dollars of pay out by then,  how long would a ceo stay on a same job?

Edited January 8, 2023 by Ct3833

[inlinesix]

5 hours ago, Ct3833 said:

The CEO's job of a listed mnc is to ensure profit of the company will continue to grow, otherwise he will lose his job ,  in order to protect his job and get fat share options, the most natural thing to do for a CEO is to cut jobs to save cost. Whether the new business model is sustainable is not his copncern because he would have parachuted off with million dollars of pay out by then,  how long would a ceo stay on a same job?

Current CEO joined McD in 2015. He has been CEO since 2019.

[Beanoyip]

Maccas has gone downhill for donkey years..  it's always last on my list if left with no choice..

[Inlinefour]

my friend wondering

 

tiny island with too many multi million dollar workers why no hav massive restructuring 🙈🙉🙊 

[inlinesix]

13 minutes ago, Beanoyip said:

Maccas has gone downhill for donkey years..  it's always last on my list if left with no choice..

In Aust, Hungry Jack ftw

[Watwheels]

 

They are trying to remove redundancies. Improve on working efficiency.

https://www.cnbc.com/2023/01/06/mcdonalds-plans-reorganization-job-cuts.html

Quote

The fast-food giant said the job cuts aren’t a cost-cutting measure but are instead intended to help the company innovate faster and work more efficiently. As part of the reorganization, the company will be deprioritizing and halting certain initiatives, according to a company-wide memo from Kempczinski. It’s unclear what those projects are.

Maybe we are the testing ground for what they wanna do, ordering thru kiosk and app. I do find it easier to order from the  app. The staff could focus on other tasks rather than wait at the cashier. Automating services that dont require manpower all of the time.

[Jamesc]

More likely at HQ and not at outlets.

[D3badge]

10 hours ago, Jman888 said:

majority are franchise, will the franchisees follow his instructions?

This is my 1st thought! Mackers Singapore is own and run by Ham Bao Bao Pte Ltd, if they are making shitload of money which I believe, why cut staffs to have customers services issue later on?