News

Workforce

Restaurants’ labor shortage doesn’t appear to be improving

In social media posts and restaurants’ own signs, a lack of workers is leading to shorter hours and fewer service lines.

Technology

Toast raises IPO price again, eyeing $18B valuation

The company will look to sell shares for $34 to $36 each when it hits the public market this week.

The fast casual will use the new outlet to test the San Jose market. That’s just the tip of the iceberg in this briefing on several weeks’ worth of tech news.

Sales have recovered early and valuations are up. Yet the industry continues to face labor and supply challenges, which are driving prices up and could make for a long winter, says RB’s The Bottom Line.

The partnership gives the fast-growing fast casual a celebrity boost as the 22-unit concept ramps up for aggressive growth.

Quitting has soared to historic levels in recent months, and the exodus might have more to do with stress than pay, says RB's Reality Check.

The attorneys general of the participating states said in a blunt letter to the president that they would pursue every possible legal action to kill the plan.

Operators will soon be checking proof of inoculation in Seattle, most of upper Washington and two of Hawaii's islands. The state's most-visited island has also re-imposed capacity caps.

The chain’s soon-to-be-former CEO stumbled into a gay marriage controversy that sticks with the chain to this day, but RB’s The Bottom Line says its devotion to culture and service has been the key to its remarkable growth.

If the many bots currently in test can prove themselves, restaurants say they're ready and willing to deploy them.

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