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.
"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.
"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.
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
With inflation and prices still on the rise, it might be worth considering a carpool app. One of them, Singapore-based Ryde, just went public in the U.S.
Full Glass Wine Co., the company behind Bright Cellars, Wine Insiders, and Winc, knows you fell in love with home delivery during the pandemic – and it’s investing millions into making it even better.
It might sound counterintuitive, but the Fed cutting interest rates three times this year could cause inflation to spike and actually be worse for markets and the economy as a whole.