Layoffs

Technology

Layoffs hit Olo after acquisition by private-equity firm

The restaurant tech supplier said the changes were made as part of its transition to new ownership under Thoma Bravo. It was not clear how many jobs were cut.

Financing

Sweetgreen is cutting 10% of its support center workforce as sales and traffic plunge

The fast-casual salad chain is increasing portion sizes and getting rid of Ripple Fries after same-store sales fell 7.6% last quarter, sending its shares down more than 20%.

Central bakeries for the fast-casual chain are scheduled to close in Lenexa, Kansas, and Greensboro, North Carolina, in May in an ongoing shift to par-baked, frozen bread. About 140 layoffs are expected.

The golf-centric "eatertainment" brand is preparing for a spinoff from its parent company, which is expected in the second half of 2025.

The move follows the closure of five fresh dough facilities last year, as the fast-casual chain shifts to an on-demand baking process, using third-party bakeries.

The company, which also owns IHOP and Fuzzy’s, said the decision was a response to market conditions.

The move is part of an ongoing effort to streamline operations at the fast-casual bakery-cafe chain. The number of job cuts was not specified.

It will be the fast casual's second such facility to close this year.

After five years with Portillo's, COO Derrick Pratt will depart from the company on June 30. Portillo's said it will search for a new head of operations.

But CEO Drew Madsen sees signs of a turnaround, as sales and traffic turned positive in April while the chain works on menu and operations improvements.

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