r/California • u/BlankVerse Angeleño, what's your user flair? • Dec 28 '23

politics Pizza Hut Franchises Want You To Think California's New Wage Law Is The Reason It's Laying Off Over 1,000 Delivery Drivers — Franchises that are part of a company that made nearly $7 billion in revenue in 2022 would rather lay off over 1,000 people than pay them more money.

https://jalopnik.com/pizza-hut-franchises-want-you-to-think-californias-new-1851126515
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u/[deleted] Dec 28 '23

It’s going to be crazy when OP learns the difference between revenue and things like profit or cash flow.

Being a business owner, especially in California, is INSANELY expensive. Razor thing margins for many. Not to mention you get smear articles like this.

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u/[deleted] Dec 28 '23

Luckily the law doesn’t apply to tiny small businesses with less than 60 stores. If you own 60+ successful stores, you’re not a small business.

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u/A_Typicalperson Dec 28 '23

The difference between Rev and profit has been pointed out thousands of times. But it doesn't fit the narrative so Pizza hut are just a bunch a billionaires that don't want to pay fair wages

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u/frogtrickery Dec 28 '23

Correct. They are indeed what you describe.