Amidst an unemployment crisis across the world, Subway Restaurants recently announced that its local Franchise Owners seek to hire approximately 50,000 jobs in North American restaurants. The recent development at Subway further deepens the brand’s community connections as its restaurants can be found in almost every community across the U.S. and Canada, and directly addresses…
Tag: Bar & Restaurant Industry amid Coronavirus
Zomato to lay off 13% of the workforce
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•Indian food delivery unicorn Zomato recently announced that it is set to lay off about 13% of its workforce due to the coronavirus pandemic’s impact on business. The job cuts and temporary pay cuts for employees were announced by the company founder and Chief Executive Officer Deepinder Goyal through a blog published on the company…
Restaurant management startup Toast lays off 50% of staff amid coronavirus
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•Boston-based restaurant management platform Toast recently announced that it has laid off about half of its staff as the coronavirus pandemic forces restaurant closure globally. Citing restaurant sales decline as the reason, CEO of Toast Chris Comparato through a company blog said, “During the month of March, as a result of necessary social distancing and…
Coronavirus: Bacardi Ltd pledges $3 mn to support the Bar and Restaurant industry
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•Bacardi Limited, the largest privately held spirits company in the world, launched #RaiseYourSpirits, an initiative to support bars and restaurants debilitated by the COVID-19 shutdown. According to the Company’s statement, “We have been devastated to watch our longtime partners and friends lose their livelihoods virtually overnight, as dining out, nightlife and entertainment grind to a…