McDonald's declined to comment on the memo or the layoffs on Monday. The memo was first reported by the Wall Street Journal.
A collection of 70 posts
Juul to pay Chicago $23.8M for underage vaping settlement Free
The company agreed to pay $2.8 million within 30 days and the rest later this year, the statement said.
Founder of Chicago beef shop that inspired 'The Bear' dies Free
Zucchero died unexpectedly at Rush Medical Center.
Judges nixes shareholder claims against McDonald's directors Free
In October 2019, former CEO Steve Easterbrook was engaging in a prohibited relationship with a female subordinate. The board terminated Easterbrook “without cause,” allowing him to retain tens of millions of dollars in stock-based benefits and other compensation, while firing Fairhurst “for cause.”
CVS spends $10.6B on Chicago-based Oak Street Health Free
The acquisition comes just three months after a nearly $9-billion investment by Deerfield-based rival Walgreens in VillageMD’s acquisition of Summit Health-CityMD. And that deal was announced two months after CVS said it would spend $8 billion to acquire home health care provider Signify Health.
Boeing bids farewell to an icon, delivers last 747 jumbo jet Free
Since its first flight in 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA's space shuttles, and the Air Force One presidential aircraft.
SEC charges former McDonald's CEO with misleading investors Free
McDonald's Corp. was also charged by the SEC for the incident, it said Monday, but due to the company's cooperation during the ensuing investigation, there is no financial penalty.
Opioid legal charge pushes Walgreens to $3.7B fiscal 1Q loss Free
Walgreens said Thursday that it recorded a $5.2 billion, after-tax charge in the quarter that ended Nov. 30 for opioid-related litigation.