- McDonald’s Corp (NYSE:MCD) is planning to establish a new facility, Speedee Labs, focused on driving the customer experience at its global headquarters (MHQ) in Chicago.
- The facility will bring teams from McDonald’s corporate office and the existing Innovation Center (IC) in Romeoville, Illinois, to create opportunities to develop restaurant solutions and technologies.
- McDonald’s Speedee Service System was launched in 1948.
- The new facility will use a combination of McDonald’s existing footprint and an additional 15,000 square feet in leased space.
- McDonald’s plans to relocate all jobs from its Innovation Center in Romeoville to MHQ’s Speedee Labs, adding to its Cook County workforce.
- McDonald’s moved its headquarters from Oak Brook, IL, to Chicago’s West Loop in 2018.
- Speedee Labs is expecting a phased opening to begin in the second half of 2023, which is when teams currently operating services out of the IC will relocate to MHQ.
- Price Action: MCD shares are trading higher by 0.79% at $256.33 on the last check Wednesday.
- Photo Via Company
‘First Citizens Lays Off Almost 500 Silicon Valley Bank Employees’ – Axios
https://www.axios.com/2023/05/24/scoop-first-citizens-lays-off-almost-500-silicon-valley-bank-employees
First Citizens Bancshares on Wednesday laid off just under 500 Silicon Valley Bank employees, two months
