McDonald's temporarily shuts its U.S. offices and prepares layoff notices

Re:McDonald's temporarily shuts its U.S. offices and prepare... by rocket_surgeron on Sunday April 02, 2023 @09:35PM (#35417498)

McDonald's only made $6,000,000,000+ last year with a ~35% profit margin.

They reversed the downward trend in revenue (which occurred simultaneously with a tremendous increase in profitability) and bounced back from 2020 magnificently.

Their stock price has ONLY roughly doubled in the last five years and their dividend has ONLY doubled in the last 10.

Obviously that is not good enough so they're going to lay off a couple thousand people to get that margin up by two points.

Pathetic.

This is 100% a stock juicing play.

[ Parent | on HN ]

Re:McDonald's temporarily shuts its U.S. offices and prepare... by mehlmao on Sunday April 02, 2023 @10:24PM (#35417807)

Executives will destroy lives at random as a show of good will to the capital class. Time to bring back the guillotine.

[ Parent | on HN ]

Re:McDonald's temporarily shuts its U.S. offices and prepare... by chiefalchemist on Monday April 03, 2023 @06:51AM (#35421377)

My only hope is that one day we have a media staffed by legitimate journalists that would convey such details.

It's obviously not illegal. But the more the (consumer) market knows, the better its decisions on where to open their wallets.

[ Parent | on HN ]