McDonalds has continued its restructuring, now cutting pay packages for some employees, amid a reorganization featuring layoffs and the closure of some offices, according to a Wall Street Journal report on Friday which cited people close to the matter.

In a Monday report, Reuters revealed the company would be laying off “hundreds” of corporate employees this week.

According to the Wall Street Journal, the fast-food restaurant will allow some employees to retain their positions with reductions in pay, changes to titles, and diminutions in benefits, such as bonus and equity grants.

The report noted that as it undergoes the reorganization, the job cuts and changes are affecting employees in the United States and overseas, at the Chicago headquarters of the company, in its field offices, and across departments, including marketing and operations.

McDonalds has declined to comment on the reports.

With over 150,000 employees throughout corporate and other offices as well as in company owned and operated restaurants, the restaurant chain has not been failing to perform, as inflation-weary customers have flocked to its outlets. In 2022 it reported a fourth quarter net income of $1.9 billion, up from $1.64 billion during the quarter one year prior. At the same time, same-store sales were up 10.3% over the same period.

CEO Chris Kempczinski said in a January 6 letter to employees, “We’re performing at a high level, but we can do even better.”