McDonald's cuts 225 corporate jobs

McDonald's says it is cutting about 225 corporate jobs as part of a push intended to revitalize its flagging business, The Associated Press reports.

The cuts include 135 positions at its Oak Brook, Ill.-based headquarters. Another 90 are being eliminated overseas.

McDonald's CEO Steve Easterbrook has vowed to reorganize the company so it can react more quickly to the changing fast-food industry.

Read more The Associated Press.