Pelagiya Tihonova/Anadolu Agency/Getty Images
March 8, 2022 7:37 am
By Danielle Wiener-Bronner, CNN Business
McDonald’s is temporarily closing its locations in Russia. “McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in the market,” CEO Chris Kempczinski said in a statement Tuesday. There were 847 locations of McDonald’s in Russia at the close of last year, according to an investor document. Globally, most…
March 8, 2022 6:54 am
By Jordan Valinsky, CNN Business
Better.com, the embattled online mortgage company, announced Tuesday that it’s taking the “difficult step of streamlining” its operations and laying off about one-third of its workforce, amounting to roughly 3,000 jobs. The company, which gained notoriety last year after its CEO fired 900 employees over Zoom just before Christmas, expanded rapidly during the pandemic when…