McDonald’s Shuts Corporate Offices Ahead of Layoffs

dbg31415 3 years ago |

Dupe https://news.ycombinator.com/item?id=35416552

Cyphase 3 years ago |

"This story was produced with the assistance of Bloomberg Automation."

samwillis 3 years ago | |

News sites have used automation to convert press releases and quoted other publications into articles for decades. Nothing new here.

toomuchtodo 3 years ago | | |

Might be using BloombergGPT, which is the interesting part.

idopmstuff 3 years ago | | |

BloombergGPT is trained on financial information - it's almost certainly for that side of the business, not the reporting side.

htrp 3 years ago | | |

> Might be using BloombergGPT, which is the interesting part.

Doubt

andyish 3 years ago |

Return to the office... unless we're making layoffs, then work from home. Great.

bombcar 3 years ago | |

"We find it's always better to fire people virtually. Studies have statistically shown that there's less chance of an incident if you do it online."

Office Space needs a remake.

evbogue 3 years ago | | |

Up in the Air - Video Chat Firing (2009) HD https://youtu.be/MIexe6aa14w

dougmwne 3 years ago | | |

It’s funny that in 2009 this must have seemed so cold and heartless. Now we just send an email and shut off the logins.

bombcar 3 years ago | | |

In a weird way there's something more "human" about admitting the inhumanity, almost.

slg 3 years ago |

> McDonald's profit grows as inflation-weary customers flock to its restaurants[1]

Yet another company with growing profits laying people off.

1 - https://www.cnbc.com/amp/2023/01/31/mcdonalds-mcd-q4-2022-ea...

noer 3 years ago |

https://archive.is/ZuZmY

bryanlarsen 3 years ago |

This is a bull signal.

McDonald's is a classic counter-cyclical stock. When money gets tight people eat less at fancy restaurants and more at McDonald's. So McDonald's does well when people are doing poorly, and vice versa.

foooorsyth 3 years ago | |

McDonald’s is expensive compared to rice and beans at home. A $9 sandwich is not cheap.

bryanlarsen 3 years ago | | |

Poor people in America are often just as time-poor as they are money-poor. Rice & beans takes time that you don't have when you're working multiple jobs.

You can claim that poor people shouldn't be eating McDonald's, but they fact is that they do. McDonald's is counter-cyclical.

nine_zeros 3 years ago |

RTO for your work, WFH for mine.

jimbok 3 years ago |

As long as they don't give Hamburgler a pink slip....

soupfordummies 3 years ago | |

He got busted for insider trading back in '02