McDonald’s Shuts Corporate Offices Ahead of Layoffs | Hacker News Reader

McDonald’s Shuts Corporate Offices Ahead of Layoffs

bloomberg.com

56 pointssmn123421 comments

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

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

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

Might be using BloombergGPT, which is the interesting part.

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

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

Doubt

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

"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.

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

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.

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

> 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...

https://archive.is/ZuZmY

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.

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

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.

RTO for your work, WFH for mine.

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

He got busted for insider trading back in '02

Reply on news.ycombinator.com