Pizza Hut lays off 1200

https://www.dailymail.co.uk/yourmoney/consumer/article-12903971/Pizza-Hut-lays-1-200-delivery-drivers-California-ahead-Governor-Gavin-Newsoms-new-20-fast-food-minimum-wage-McDonalds-Chipotle-warned-menu-price-hikes-Golden-State.html

Is it greed? Are these chains not making huge profits?

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justanothername · 51-55, M

It’s not greed it’s a financial reality. If people are penny pinching and don’t have as much disposable income that they had pre covid then the first thing to take a hit will be discretionary income on fast food. When people spend less on fast food, fast food outlets take measures to adjust their staffing levels in response.