Hospitality industry employs more people than the airline industry. Restaurant business is very inefficient and one of nation's most important employers, he says. "It takes a tiny fraction of the number of people it takes to run a restaurant"
Back in March of 2020, Danny Meyer laid off 2,000 people — that's 80 percent of staff at Union Square Hospitality Group, representing 20+ restaurants across the country. It was a heartbreaking decision made with full understanding of the impacts, short and long-term — or as much as can possibly be known in this volatile time. In this special episode, Danny shares why and how he acted so quickly, the process he and his team used to make this decision, the impact of the layoff, and what comes next for his industry.
Read a transcript of this episode: https://mastersofscale.com/danny-meyer-layoffs/
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