The ONE Group Goes from 4,000 Employees to Under 100
Due to the COVID-19 pandemic, The ONE Group Hospitality cut its workforce of about 4,000 employees to fewer than 100 workers.
Finance
Bankruptcy Cases Expected to Rise Significantly Due to Coronavirus Pandemic
Before the COVID-19 pandemic, there were a number of restaurants filing for bankruptcy.
$2 Trillion Economic Stimulus Plan Passes in Senate
The Senate late Wednesday passed a groundbreaking $2 trillion economic stimulus package intended to lift businesses and workers crippled by the COVID-19 pandemic.
Full-Service Restaurant Sales Drop 74 Percent in Five Days
Restaurant sales have declined rapidly at the national level over the last week, as evidenced by massive furlough programs and corporate-store shut downs in recent days.
Golden Corral Furloughs 2,290 employees as Corporate Stores Shut Down
Buffet chain Golden Corral announced the closure of its 35 corporate stores due to the impact of the coronavirus and that it has furloughed 2,290 employees.
Punch Bowl Social Closes, Lays Off Majority of Employees
Cracker Barrel announced Wednesday that eatertainment brand Punch Bowl Social has closed all of its 19 locations and laid off most of it
Massive $2 Trillion Stimulus Package Struck Early Wednesday
A $2 trillion stimulus package was struck by Senate leaders and the Trump administration in the early hours Wednesday, a move that will provide “big help and quick help” to the nation's businesses ...
J. Alexander’s Furloughs 3,400 Workers Due to COVID-19
Casual-dining company J. Alexander’s Holdings announced Tuesday that it is furloughing 3,400 workers until the COVID-19 pandemic subsides and it’s able to resume dine-in operations. ...
Here’s Where Restaurants and Workers Can Get Relief Funding During Coronavirus
As COVID-19 numbers climb, shelter-in-place orders are issued in various states, and businesses shutter, restaurants are grappling with the unimaginable as it happens in real time.
BJ’s Restaurants Stops All Capital Spending for 2020 in Wake of COVID-19
BJ’s Restaurants announced Monday a range of actions that management and the Board of Directors are implementing to enhance the company’s liquidity given the business disruptions resulting from the ...
