Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

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

by May 14, 2025
May 14, 2025
McDonald’s announces plan to hire 375,000 employees this summer

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
0
FacebookTwitterGoogle +Pinterest
previous post
UnitedHealth CEO suddenly steps down for ‘personal reasons’
next post
Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

You may also like

Care.com settles charges it inflated jobs listings and...

August 29, 2024

Amazon workers must return to office full time,...

September 17, 2024

Tesla reports 336,000 vehicle deliveries in first quarter,...

April 2, 2025

‘Wicked’ tallies $19M in previews, as ‘Gladiator II’...

November 24, 2024

Nordstrom to go private in $6.25 billion deal...

December 24, 2024

Disney debuts its latest cruise ship, Treasure, as...

November 21, 2024

Caroline Ellison, former FTX exec, sentenced to 2...

September 26, 2024

Elon Musk, Tesla, Warner Bros. Discovery sued over...

October 22, 2024

Microsoft’s mammoth AI bet will lead to over...

October 2, 2024

Albertsons sues Kroger after judge rules against grocery...

December 11, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


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



    Latest

    • WATCH: RFK Jr Senate hearing disrupted by screaming protesters: ‘RFK kills people with hate’

      May 14, 2025
    • American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory

      May 14, 2025
    • Severe wildfires in Russia’s Siberia region rage through 600,000 hectares of forest

      May 14, 2025
    • Republicans say they’re ‘out of the loop’ on Trump’s $400M Qatari plane deal

      May 14, 2025
    • Top House Dems say they’ll join GOP to quash Trump impeachment effort

      May 14, 2025
    • Dem lawmaker seethes RFK Jr’s ‘legitimacy’ as HHS secretary has ‘expired’ in heated exchange

      May 14, 2025

    Categories

    • Business (619)
    • Investing (661)
    • Politics (4,053)
    • World News (2,722)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.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.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved