Papa John's is set to hire up to 20,000 new employees in an effort to keep up with the demand for "no-contact" delivery, company CEO Rob Lynch told Cheddar Monday.
Lynch said Papa John's has brought on "thousands of workers just in the last couple weeks," with available positions still yet to be filled.
"We will continue to hire as long as people continue to apply," he said.
With nearly 17 million Americans filing for unemployment in the last three weeks, there are currently many individuals looking for work.
"For the most part we have had a very consistent employee base. In fact, with the unemployment rates going up, we've worked to create a lot of jobs and our applications are up tremendously versus the last couple years," Lynch noted.
Restaurants around the nation are closed except for in the cases of takeout and delivery, putting companies like Lynch's in a position to potentially benefit from the conditions imposed by the pandemic.
"This is our business model," Lynch said. Coming off of a strong first quarter, he said demand for food delivery has continued and the company has been able to meet it by instituting contactless delivery and relying on its own model of making dough fresh in house and shipping to franchisees.
"We have maybe a bit more control over the supply of our ingredients necessary to make our food," he said. External partners who supply the company with ingredients like cheese and flour continue to run, but Lynch said their businesses have been impacted.
Direct deposit delays due to a human error that happened last week have resulted in some customers still not receiving their paychecks.
Nestle is reportedly investing $100 million in food delivery startup Wonder Group.
Arturo Béjar testified before a Senate subcommittee on Tuesday about social media and the teen mental health crisis, hoping to shed light on how Meta executives, including Zuckerberg, knew about the harms Instagram was causing but chose not to make meaningful changes to address them.
Nike is suing two of its competitors for alleged patent infringement.
Uber missed analysts' projections for earnings per share and revenue this past quarter. Cheddar News takes a closer look at the numbers and explains what to expect for the rest of the fiscal year.
Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.
WeWork has filed for Chapter 11 bankruptcy protection.
Bumble, the female-focused dating app, announced that Whitney Wolf Hurd, the company's founder and CEO, will step down in January.
WeWork officially has filed for bankruptcy.
With interest rates high, housing inventory low and Veterans Day just around the corner, Cheddar News took a look at how the current market is impacting those who served and continue to serve our country. Patton Gade, national director of military lending with UMortgage, explains how a VA loan works, its benefits and what's involved in the process of purchasing a home.
