Money

McDonald’s tells employees to work from home so executives can fire staff virtually

Published

1 year ago

April 3, 2023

ticker NEWS

McDonald’s tells employees to work from home as the company prepares to announce mass layoffs

McDonald’s is temporarily closing its U.S. offices this week as the company prepares to announce wide-ranging layoffs.

The Wall Street journal is reporting company executives are preparing to inform corporate employees about the cuts as part of a restructuring.

McDonald’s sent an internal email to its U.S. employees and some international staff, requesting they work from home from Monday to Wednesday.

This means the company to deliver staffing decisions virtually.

McDonald’s is also requesting employees cancel all in-person meetings with vendors and other external parties at its headquarters.

The number of employees who will be affected remains unknown.

In January, McDonald’s announced it would review its corporate staffing levels as part of an updated business strategy, which could lead to layoffs in some areas and expansion in others. #trending #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending