Staff Shortages, Fed by Omicron, Curbed Growth in Fourth Quarter

Employers from

McDonald’s Corp.


MCD -0.22%

to home builder

PulteGroup Inc.


PHM -7.76%

said staffing pressures caused by hiring challenges and surging Covid-19 cases suppressed growth or cut into operations in the fourth quarter. But many companies have already seen those pressures ease, indicating a diminishing impact from the Omicron variant.

Staffing challenges were so acute at McDonald’s in mid-December that its restaurants cut back hours by about 10%, Chief Executive

Christopher Kempczinski

said on a conference call with analysts last month. As of late January, only 1% of McDonald’s restaurants still had reduced hours, he said.

“What we’ve seen throughout the pandemic is that the economic fallout from each successive wave of case counts…

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