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Trump's tax cut - MCD lays people off.

By anotheraccount following x   2018 Jun 7, 7:42am 1,019 views   34 comments   watch   sfw   quote     share    


After getting a huge tax cut, they lay people off. Stock price goes up 3%
1   RC2006   ignore (0)   2018 Jun 7, 7:48am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Thank libs and there minimum wage increases for that not to mention automating fast food was always going to happen.
2   anotheraccount   ignore (1)   2018 Jun 7, 7:57am   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says
Thank libs and there minimum wage increases for that not to mention automating fast food was always going to happen


Except they are laying off highly paid corporate jobs. Thanks Republicans for giving corporations free money that the rest of us have to pay back.
3   Goran_K   ignore (1)   2018 Jun 7, 8:33am   ↑ like (4)   ↓ dislike (0)   quote   flag        

anotheraccount says
Except they are laying off highly paid corporate jobs. Thanks Republicans for giving corporations free money that the rest of us have to pay back.


All corporations go through reorganizations, it's a market decision. If you don't need a layer of executives and can still maintain the same organizational effectiveness, why would you continue paying them? Corporations aren't in the business of providing welfare.

This is the problem with leftist ideology, the idea that something is deserved regardless of what an individual provides in exchange.
4   RC2006   ignore (0)   2018 Jun 7, 8:37am   ↑ like (0)   ↓ dislike (0)   quote   flag        

So Trumps fault for the layoffs, ok. There stock is down 4% for the year, probably for the price increases what caused that?
5   APOCALYPSEFUCKisShostikovitch   ignore (34)   2018 Jun 7, 8:43am   ↑ like (2)   ↓ dislike (0)   quote   flag        

Well, they could have shot them in the face.

Why do you hate mercy?
6   RC2006   ignore (0)   2018 Jun 7, 8:57am   ↑ like (0)   ↓ dislike (0)   quote   flag        

APOCALYPSEFUCKisShostikovitch says
Well, they could have shot them in the face.

Why do you hate mercy?

That would be mercy compared to making them eat thier own food.
7   HEYYOU   ignore (19)   2018 Jun 7, 9:38am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Trump's tax increase on 7,000,000,000 Americans can pay their extended unemployment.

Goran_K says
This is the problem with leftist ideology, the idea that something is deserved regardless of what an individual provides in exchange.


Got the list of all Republicans on welfare & business subsidies?
All elected Republicans are paid by their big govt. socialist taxes forced on hard working Americans.
8   Strategist   ignore (3)   2018 Jun 7, 9:58am   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says
After getting a huge tax cut, they lay people off. Stock price goes up 3%


What about the rest of the corporations? I hear there are more jobs available, then people looking for jobs. It's never happened before.
All thanks to Trump's tax cuts.
9   Tenpoundbass   ignore (11)   2018 Jun 7, 10:06am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Ba Dah Bum Bah Dah!
When was the last time MDS proclaimed they are "Loving it!"?

Not since they started investing in better food quality and better caliber of employees.
Lot of those executive jobs were working to come up with creative ways to sell their almost inedible food and spin it as hip and trendy food for the Muhleanials.
10   Quigley   ignore (0)   2018 Jun 7, 10:26am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
there are more jobs available, then people looking for jobs. It's never happened before.
All thanks to Trump's tax cuts.


If McDonalds doesn’t need them, the laid off employees have a wonderful employment market to enter for their next gig. Right now is the best time to be a job seeker than at any time during Obummer’s Presidency!
11   Quigley   ignore (0)   2018 Jun 7, 10:28am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Also I’m hearing about many companies who operate in the real work doing real world things and can’t hire enough qualified or even semi-qualified blue collar tradesmen. Already higher than most white collar jobs, blue collar wages are rising fast, and hiring bonuses are back on the table.
It’s a great time to be a worker, and as long as Trump can keep his immigration pimp hand strong, it will continue to be!
12   zzyzzx   ignore (1)   2018 Jun 7, 10:34am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Exactly who is getting laid off? Is this fallout for the fight for $15, or something else?
13   anotheraccount   ignore (1)   2018 Jun 7, 12:45pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

They are laying off $500 Million worth of jobs (annual cost). At 100K a year, that's 5000 jobs. Do you think that it's easy to find 100K job for 5000 people?
14   Strategist   ignore (3)   2018 Jun 7, 1:00pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley says
Strategist says
there are more jobs available, then people looking for jobs. It's never happened before.
All thanks to Trump's tax cuts.


If McDonalds doesn’t need them, the laid off employees have a wonderful employment market to enter for their next gig. Right now is the best time to be a job seeker than at any time during Obummer’s Presidency!


Especially for Obummer's sons.
15   Strategist   ignore (3)   2018 Jun 7, 1:06pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says
They are laying off $500 Million worth of jobs (annual cost). At 100K a year, that's 5000 jobs. Do you think that it's easy to find 100K job for 5000 people?


With almost 7 million openings, and a severe shortage of skilled labor, yes, it is easy for the right person to find a $100K job.
16   MrMagic   ignore (11)   2018 Jun 7, 1:41pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says
After getting a huge tax cut, they lay people off.


Amazing how news can be spun to fit a narrative...

Goran_K says
All corporations go through reorganizations, it's a market decision. If you don't need a layer of executives and can still maintain the same organizational effectiveness, why would you continue paying them? Corporations aren't in the business of providing welfare.


Exactly. ALL corporations do that EVERY DAY.

McDonald's is slimming down its corporate structure and laying off workers in an effort to reduce expenses by $500 million by the end of 2019.

In an email to all U.S. employees, suppliers and franchisees, McDonald's USA President Chris Kempczinski said the Golden Arches would be restructuring its regional offices around the country, The Wall Street Journal reported Thursday.

"I recognize that change is difficult, and that eliminating layers within our organization means some employees will ultimately exit our system," Kempczinski said in the memo, according to The Wall Street Journal.

"We are always evaluating ways to better serve our customers and continue to grow our business," Terri Hickey, a spokeswoman for McDonald's, told CNBC via email. "With that in mind, we are putting into place a new U.S. field structure that will better support our franchisees and will ensure McDonald's continues on a path to being more dynamic, nimble and competitive."


https://www.cnbc.com/2018/06/07/mcdonalds-plans-to-lay-off-workers-as-it-streamlines-management.html

Interesting, not a single word about Trump's tax cut in the article..... Hmmm...
17   anotheraccount   ignore (1)   2018 Jun 7, 1:42pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Sniper says
Interesting, not a single word about Trump's tax cut in the article..... Hmmm.


exactly, the tax cut was supposed to create more jobs, right?
18   MrMagic   ignore (11)   2018 Jun 7, 1:44pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
I hear there are more jobs available, then people looking for jobs. It's never happened before.
All thanks to Trump's tax cuts.


Yep, lots of jobs available (for people who actually work).

Pick one:

http://www.dailyjobfix.com/

Every company that is hiring. It's a YYUUGGGEEEEEEE list!
19   Quigley   ignore (0)   2018 Jun 7, 1:46pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anotheraccount says
exactly, the tax cut was supposed to create more jobs, right?


Certain industries are always on the rise or the decline, depending on how well they serve customers and the needs of the population.

Is it any surprise that McDonalds has been found to be serving customers less well than more progressive fast food companies with healthier/tastier choices? Poor service has consequences. In a strong economy, moving from a failed corporation to a rising corporation is a positive move for workers.
20   MrMagic   ignore (11)   2018 Jun 7, 1:48pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says
that's 5000 jobs.


McDonalds has 440,000 employees, so they're laying off 1%...

Is that a big issue?
21   RC2006   ignore (0)   2018 Jun 7, 2:02pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
anotheraccount says
that's 5000 jobs.


McDonalds has 440,000 employees, so they're laying off 1%...

Is that a big issue?


It is if your an accountant I guess.
22   LeonDurham   ignore (0)   2018 Jun 7, 2:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

RC2006 says
It is if your an accountant I guess.


Or if you're one of the 1% losing their jobs.
23   anotheraccount   ignore (1)   2018 Jun 7, 3:31pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
McDonalds has 440,000 employees, so they're laying off 1%...

Is that a big issue?


They have 440,000 employees - 400,000 of whom make 20K a year. We are talking about people making 100K a year. They are laying off 12% of their highly paid employees.
24   BlueSardine   ignore (2)   2018 Jun 7, 3:36pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

If you work for mcdonalds you've already lost your wits, so why not the job?
LeonDurham says
Or if you're one of the 1% losing their jobs.
25   Strategist   ignore (3)   2018 Jun 7, 3:39pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Sniper says
Strategist says
I hear there are more jobs available, then people looking for jobs. It's never happened before.
All thanks to Trump's tax cuts.


Yep, lots of jobs available (for people who actually work).

Pick one:

http://www.dailyjobfix.com/

Every company that is hiring. It's a YYUUGGGEEEEEEE list!


You you you mean even welfare queens can get a job if they want to?
26   Strategist   ignore (3)   2018 Jun 7, 3:44pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says
Sniper says
McDonalds has 440,000 employees, so they're laying off 1%...

Is that a big issue?


They have 440,000 employees - 400,000 of whom make 20K a year. We are talking about people making 100K a year. They are laying off 12% of their highly paid employees.


So what? You want them to be unprofitable, and lay everyone off?
McDonalds is installing the order taking touch screen computers in 1000 stores every quarter. The 20K a year teens better get a skill that does not require a Nintendo.
27   MrMagic   ignore (11)   2018 Jun 7, 7:43pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anotheraccount says
Sniper says
McDonalds has 440,000 employees, so they're laying off 1%...

Is that a big issue?


They have 440,000 employees - 400,000 of whom make 20K a year. We are talking about people making 100K a year. They are laying off 12% of their highly paid employees.


Ever hear of the 80/20 Rule in business regarding employees?

Make sure you're part of the 20%, and you'll never worry and lose sleep about losing your job.
28   anotheraccount   ignore (1)   2018 Jun 7, 8:23pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
So what? You want them to be unprofitable, and lay everyone off?


MCD was already very profitable before the tax cut and before the layoffs. The point is that they did not need the tax cut and are not raising wages or creating new jobs with it.
29   anotheraccount   ignore (1)   2018 Jun 7, 8:25pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
Ever hear of the 80/20 Rule in business regarding employees?


What does this have to do with MCD getting a fat check from the government and then laying people off?
30   Strategist   ignore (3)   2018 Jun 7, 8:49pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anotheraccount says
Strategist says
So what? You want them to be unprofitable, and lay everyone off?


MCD was already very profitable before the tax cut and before the layoffs. The point is that they did not need the tax cut and are not raising wages or creating new jobs with it.


You don't know that. Maybe a lot more employees would have been laid off had it not been for the tax cuts.
Also, you cannot take the example of just one cherry picked company to determine wether the tax cuts were a success or not. It's like hitting the tree, but missing the forest.
Overall, the spectacular employment numbers clearly show the tax cuts along with the confidence that Trump has generated is creating too many jobs all at once. We don't have enough people to fill all the jobs. It's too much of something good that will actually hurt us.
My message to Trump.....Slow down dude, you have 6.5 years to go.
31   anotheraccount   ignore (1)   2018 Jun 7, 8:53pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
My message to Trump.....Slow down dude, you have 6.5 years to go.


So increasing federal spending by 7% and decreasing federal revenue by a lot more than that is the definition of a Republican president now - definitely not a fiscal conservative. The sugar high will wear off soon - it seems that he is repeating Bush's formula on a larger scale.
32   Strategist   ignore (3)   2018 Jun 7, 9:09pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anotheraccount says
Strategist says
My message to Trump.....Slow down dude, you have 6.5 years to go.


So increasing federal spending by 7% and decreasing federal revenue by a lot more than that is the definition of a Republican president now - definitely not a fiscal conservative. The sugar high will wear off soon - it seems that he is repeating Bush's formula on a larger scale.


I doubt if revenues are slowing down. Even California got in more than expected. What surprises me is you, as a liberal don't seem to be happy with the jobs being created. I always thought it was the bleeding heart liberals who always wanted more jobs.
It's all politics, isn't it? Sad.
33   MrMagic   ignore (11)   2018 Jun 7, 9:58pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anotheraccount says
Sniper says
Ever hear of the 80/20 Rule in business regarding employees?


What does this have to do with MCD getting a fat check from the government and then laying people off?


Because one has absolutely nothing to do with the other (except in Libbie minds). It's like comparing apples to hammers.

Strategist says
Also, you cannot take the example of just one cherry picked company to determine wether the tax cuts were a success or not. It's like hitting the tree, but missing the forest.


Wait, isn't that the standard MO for Liberals? They seem to like to focus on "needles" instead of the "haystacks".

Strategist says
Overall, the spectacular employment numbers clearly show the tax cuts along with the confidence that Trump has generated is creating too many jobs all at once. We don't have enough people to fill all the jobs.


But, but, but... those mid level MCD managers (at ONE company out of how many hundreds of thousands)....

Please stop with those pesky facts. :)
34   anotheraccount   ignore (1)   2018 Jun 7, 10:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Strategist says
I doubt if revenues are slowing down.


California did not have a tax cut. You are right, federal revenues this calendar year Jan - April are running above last year's level by 4% (due to huge April). Outlays are running at 6% higher than last year. Source - page 2: https://www.fiscal.treasury.gov/fsreports/rpt/mthTreasStmt/mts0418.pdf




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