"McDonald's will restructure its business and increase its number of franchised restaurants globally." chief executive Steve Easterbrook stated.
The fast-food chain reported poor results for the first quarter of 2015.
According to Easterbrook said he wanted to move away from its "cumbersome" structure and increase "digital engagement".
"The numbers don't lie," he said. "I will not shy away from the urgent need to reset this business... and how we galvanise competitive threats."
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