McDonald’s reportedly temporarily shuts its US corporate offices ahead of layoffs
McDonald’s Corp is temporarily closing its US offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported Sunday.
In an internal email last week to US employees and some international staff, McDonald’s asked them to work from home from Monday through Wednesday so it can deliver staffing decisions virtually, the report said. It is unclear how many employees will be laid off.
“During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization,” the Chicago-based company…
Europe’s central bank hikes interest rates by 50 basis points despite bank chaos
The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as US bank collapses and troubles at Credit Suisse feeds fears about the impact of higher rates on the global banking system.
The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation of 8.5 per cent. In a statement, the bank called the banking sector in the 20 countries using the euro currency “resilient,” with strong finances.
“We are monitoring current market tensions closely and stands ready to respond as necessary to preserve…
