this post was submitted on 12 Mar 2025
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Work Reform

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[–] [email protected] 21 points 22 hours ago (2 children)

Yeah, same guy who fired nearly everyone at the Chipotle corporate office in Denver so he didn't have to commute.

[–] [email protected] 5 points 17 hours ago

I'm just amazed no one goes Luigi when shit like that happens...

[–] [email protected] 5 points 19 hours ago (2 children)

That's.....man I hope you're wrong as that's awful.

[–] [email protected] 8 points 19 hours ago (1 children)

In 2018 Niccole laid off 400 at the Denver and New York locations so that HQ could be relocated to Newport Beach, where he lived at the time.

[–] [email protected] 6 points 18 hours ago

That was just the 400 FTEs. There were also lost of contractors that were affected as well! Most people don't count them since they could have been let go for any reason.

[–] [email protected] 4 points 18 hours ago (1 children)

Of course that wasn't the official reason he gave. He hired a management consultant group to do a study of where all the top restaurant talent was in the country. Surprise, surprise, all the criteria they were given led them to narrow down the ideal location for the corporate headquarters to be right next to his house in Newport Beach.

[–] [email protected] 1 points 10 hours ago (1 children)

How the fuck isn’t this stuff against business laws. How does this not break the fiduciary duty by self-dealing?

If what you’re saying is accurate then he’s a pro at creating parallel evidence.

Who am I kidding? Anyone who could bring a suit against the CEO probably doesn’t care.

wasteful hubristic meatballs

[–] [email protected] 1 points 1 hour ago

I'm theory, the board of directors is supposed to keep a CEO in check if they do something that is against the best interest of the shareholders. But the share price actually went up after he made this move.

Same reason share prices often go up when a company announces layoffs. The market isn't always tied to how well a business is run.