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.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
