Bankrupt? Better to look for companies where leadership runs counter to "prevailing conventional wisdom" and actually leads for others to follow.
They reversed the downward trend in revenue (which occurred simultaneously with a tremendous increase in profitability) and bounced back from 2020 magnificently.
Their stock price has ONLY roughly doubled in the last five years and their dividend has ONLY doubled in the last 10.
Obviously that is not good enough so they're going to lay off a couple thousand people to get that margin up by two points.
Pathetic.
This is 100% a stock juicing play. I'm willing to bet there's a cadre of executives who all came on at the same time pre-pandemic (during the revenue turnaround) whose options are maturing and the price isn't where they want it to be because of the pandemic. McDonalds is as healthy a company as its food is unhealthy.
It's obviously not illegal. But the more the (consumer) market knows, the better its decisions on where to open their wallets.