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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Northwest · M

This wasn't a Governor Newsom Executive Order. The California Assembly passed Bill No. 1228, raising Fast food restaurant industry: Fast Food industry wages from $16 to $20 per hour.

Pizza Hut's current revenue is about $7B, with a roughly $2B in income. They chose to turn their drivers into freelancers, so they don't have to deal with the headache, when they could have chosen to take a minor hit to income, or added an adjustment to delivery charges.

Don't order Pizza Hut. It's an affront to the culinary arts. All that other stuff is secondary.