Singapore-based hospitality group Banyan Tree Holdings recently announced that it is undertaking “right-sizing” and restructuring to adapt to post-covid-19 industry outlook. In an exchange filing, the company said that it is undertaking a series of right-sizing and cost-saving exercises that has affected 10 to 15% cent of its global workforce. The development was first reported…
US-based hospitality firm Airbnb Inc recently announced that it has decided to lay off about 25% of its workforce, nearly 1,900 employees due to the impact of coronavirus pandemic on travel industry. Announcing the decision, company Founder Brian Chesky in a memo said that the company’s business has been hit hard as the pandemic has…
Lunch marketplace MealPal recently announced a new initiative to drive $10 million in donations to restaurants impacted by the COVID-19 virus. Through the new program, anyone can donate a month of a MealPal membership to local restaurants. The rapid decline in restaurant sales since the COVID-19 outbreak is staggering. In a typical week, MealPal drives…
It seems that the Indian foodies are developing a taste for doughnuts. Recently we had seen the debut of Dunkin Donuts in Delhi in May 2012. Earlier Dunkin Donuts had announced a franchisee agreement with Jubilant Foodworks to “to develop, sub-franchise, and operate more than 500 Dunkin’ Donuts restaurants throughout India over the next 15…