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McDonald's to cut costs via layoffs

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McDonald’s is planning a round of layoffs around the country as part of efforts to slash $500 million in administrative expenses by the end of 2019.

A McDonald’s spokeswoman said the move “will ensure McDonald's continues on a path to being more dynamic, nimble and competitive.”

The number of affected employees at the restaurant chain’s regional U.S. offices was not disclosed.

Read more from Crain’s Chicago Business.

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