Based on news reporting.
Company has confirmed mass layoffs, cutting 7,280 jobs as part of a significant restructuring effort that includes the closure of 200 restaurants. This decision comes as the company faces challenges in the current economic climate, impacting its operational viability. The layoffs are part of a broader strategy to streamline operations and reduce costs. The company has not specified the exact locations or departments affected by these layoffs, but the scale indicates a major shift in its workforce management. The layoffs are effective immediately, reflecting the urgent need for the company to adapt to changing market conditions.
Company cut 7,280 jobs as of October 1, 2023.
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