Burger King Cuts Fat in Massive Layoff | Franchise Blog

Burger King was gobbled up by private equity firm 3G Capital in a $4 billion deal earlier this year. Now, the new owner is cleaning house, dismissing 413 people company-wide, including 261 at corporate headquarters in Florida. The burger chain has hundreds of thousands employees worldwide, but the vast majority of those workers are hired by franchisees at low wages. The people affected by this layoff were mostly high-paid executives who work directly for BK corporate. Prior to the layoff, an estimated 500 to 700 people worked at the Florida headquarters. So 261 lost jobs in Florida alone is a pretty substantial hit.

via Burger King Cuts Fat in Massive Layoff | Franchise Blog.

As more mergers and acquisitions occur you will see more headlines like these.

Organizations will grow in 2011, but they will also be on a “diet” to eliminate the “fat” in areas of lesser need.

How can your organization cut their fat in 2011?


About Dan Ryan

Ryan Search & Consulting provides Talent Acquisition, Talent Development and Succession Strategy solutions in the Architecture, Engineering, Construction, Industrial and Healthcare markets. Come learn more about our firm at http://ryansearch.net
This entry was posted in Board Management, Mergers & Acquisitions and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s