Papa Johns to Close 300 Restaurants in Major Restructuring
#RestaurantClosures #CostCuttingPapa John's will close 300 underperforming restaurants by 2027 to cut costs, including 200 this year. The closures follow flat annual revenue and a 6% Q4 sales drop. The chain also cut 7% of its corporate workforce. read more
Elon Musk and Vivek Ramaswamy Launch Unpaid Government Efficiency Department
#GovernmentEfficiency #CostCuttingElon Musk and Vivek Ramaswamy seek high-IQ volunteers to work over 80 hours per week on cost-cutting at their new department at zero pay. The department is part of a project with Trump to reduce federal bureaucracy by a third. read more
#DrMartens #CostCutting
Dr. Martens plans to reduce group revenue by 20% from April to September by cutting costs up to £25m to address weak US sales. Potential job losses are not ruled out. Profits dropped by 43% to £97m. read more