McDonald’s has announced to employees it will cut some of its corporate staff this year as it reorganizes, according to several reports from different media outlets on Saturday, which cited a letter from CEO Chris Kempczinski to his employees.

In the memo the CEO said the food chain is going to deprioritize and halt certain projects as it looks to to become faster, more innovative, and more efficient.

Kempczinski wrote, “We will evaluate roles and staffing levels in parts of the organization and there will be difficult discussions and decisions ahead. We will look to our strategy and our values to guide how we reach those decisions and support every impacted member of the company. We expect to finalize and begin to communicate key decisions by April 3.”

The CEO noted the restaurant chain intends to also focus on increasing the rate of restaurant expansions. He wrote, “We must accelerate the pace of our restaurant openings to fully capture the increased demand we’ve driven over the past few years.”

According to its latest report to shareholders, McDonald’s presently operates around the world in 119 different markets. As of the end of 2021, it had roughly 200,000 corporate staff, with over 2 million employees working at McDonald’s franchise units in total.

McDonald’s is just the latest in a long list of major US companies which have announced layoffs and reorganizations in recent weeks, in response to the changing economic conditions, including such names as Twitter, Amazon, Salesforce, and Goldman Sachs.