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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SDavis · 56-60, F

@justanothername thank you for sharing your reality. I am fully aware of the reasons given. But if a company nets billions and wages are mandated by the government to be at a certain level and companies lay off people, fire people - it's not just adjustments. It's greed / Love of money - they wouldn't lose a penny. 12 billion 2022

https://expandedramblings.com/index.php/pizza-hut-statistics-facts/

And you use the term pre-covid - this was happening all around this country pre-covid. Enlisted below if you ever do a little research or just a small fraction of the company's that laid off between 2017 and 2019
https://247wallst.com/special-report/2017/08/24/12-companies-laying-off-the-most-workers-in-2017/

https://www.cio.com/article/230861/techs-worst-layoffs-2017.html

https://www.fool.com/investing/2020/01/07/these-25-companies-laid-off-workers-in-2019.aspx

https://www.nasdaq.com/articles/these-12-companies-have-laid-workers-2018-2018-03-30