Earnings Mastery
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
  • Politics
  • Business
  • Investing
  • World
No Result
View All Result
Earnings Mastery
No Result
View All Result
Home Business

McDonald’s announces plan to hire 375,000 employees this summer

May 14, 2025
in Business
McDonald’s announces plan to hire 375,000 employees this summer
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

McDonald’s announced a plan to hire 375,000 employees across the U.S. this summer.

The plan, announced on Monday, is one of the fast-food chain’s largest hiring pushes in years, according to a news release. It goes hand in hand with McDonald’s goal to open 900 new restaurants in the U.S. by 2027 and its plan to serve more customers during summer months.

Joe Erlinger, McDonald’s president for the U.S., met with Department of Labor Secretary Lori Chavez-DeRemer at a location just outside of Columbus, Ohio, to announce the news. The hiring will be across McDonald’s company-owned and franchised locations, according to a company spokesperson.

The news comes amid the Trump administration’s push for businesses to invest more in the U.S. The White House reported that it secured more than $5 trillion in new investment promises in the U.S. during Trump’s first 100 days in office.

Those investments include a $500 billion plan in manufacturing by Apple, and $500 billion investment plans announced by Nvidia and by a coalition of companies including SoftBank and Oracle.

Earlier this month, McDonald’s reported its worst quarterly sales for the U.S. since the height of the pandemic in 2020.

The restaurant company reported U.S. same-store sales fell 3.6%, the largest three-month drop since Q2 2020, when they plunged 8.7%. Forecasts had been for a decline of just 1.7%.

McDonald’s executives told investors during a call that the reason for the decline was that ‘people are just visiting less,’ adding that traffic among middle-income diners fell by “nearly double digits” alongside an ongoing drop-off among low-income ones. As an example, they said more people appear to be skipping breakfast entirely to cut back on spending, or eating breakfast at home.

The fast-food chain has over 38,000 locations in over 100 countries, and is aiming for 50,000 by 2027.



This post appeared first on NBC NEWS

Previous Post

Father and son fraudsters sentenced in case of $100 million New Jersey deli

Next Post

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

Next Post
Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

    May 14, 2025
    Hims & Hers stock price nears crucial level: is it a buy or sell?

    Hims & Hers stock price nears crucial level: is it a buy or sell?

    May 14, 2025
    Apple taps into the brain, but can it unlock the secret to more iPhone sales?

    Apple taps into the brain, but can it unlock the secret to more iPhone sales?

    May 14, 2025
    Europe markets open: stocks hold steady as German inflation cools, ECB rate cut looms

    Europe markets open: stocks hold steady as German inflation cools, ECB rate cut looms

    May 14, 2025
    The German DAX Index just hit an all-time high: now what?

    The German DAX Index just hit an all-time high: now what?

    May 14, 2025
    Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts

    Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts

    May 14, 2025

    Disclaimer: EarningsMastery.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Popular

    Is natural gas a ‘buy’ as Microsoft say it could power AI?

    Is natural gas a ‘buy’ as Microsoft say it could power AI?

    March 12, 2025

    Latest

    Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?

    May 14, 2025
    Hims & Hers stock price nears crucial level: is it a buy or sell?

    Hims & Hers stock price nears crucial level: is it a buy or sell?

    May 14, 2025
    Apple taps into the brain, but can it unlock the secret to more iPhone sales?

    Apple taps into the brain, but can it unlock the secret to more iPhone sales?

    May 14, 2025
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 earningsmastery.com | All Rights Reserved

    No Result
    View All Result
    • Politics
    • Business
    • Investing
    • World

    Copyright © 2025 earningsmastery.com | All Rights Reserved