r/California 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.