McDonald's Corporation is reducing the compensation of certain employees as part of a restructuring plan that involves office closures and job cuts, reported the Wall Street Journal.

Additionally, Reuters stated that the planned layoffs of corporate staff by the company last week would result in several hundred job losses.

The fast-food franchise has given certain employees the option to continue working for the company but with revised compensation packages that entail alterations to their job titles, bonuses, equity grants, and other benefits.

The report also revealed that the employment changes and layoffs at McDonald's are impacting workers in various locations, both in the United States and internationally. These changes are affecting several departments, such as marketing and operations, as well as employees in the company's Chicago headquarters and field offices.

McDonald's has not provided any statement regarding the report. Earlier this year, the fast-food chain, which has a workforce of more than 150,000 in corporate offices, other facilities, and its own restaurants, announced plans to assess its corporate staffing levels and cancel or "de-prioritise" some initiatives.