▲ 904 ▼ Pizza Hut franchises in California lay off all delivery drivers ahead of $20 minimum wage increase (www.sfchronicle.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 342 comments fedilink hide all child comments
[–] PizzaMan@lemmy.world 35 points 2 years ago* (2 children) https://investors.yum.com/news-events/financial-releases/news-details/2023/Yum-Brands-Reports-Fourth-Quarter-Results-and-Increases-Dividend/default.aspx We repurchased 10 million shares totaling $1.2 billion at an average price per share of $119. They are just greedy. They have the money, but giving the money to the rich is evidently more important. https://cwa-union.org/stock-buybacks-hurt-workers permalink fedilink source hideshow 4 child comments replies: [–] kromem@lemmy.world 5 points 2 years ago (1 child) They aren't the same people. Franchise owners are doing this, not the centralized brand they are franchising from. permalink fedilink source parent hideshow 2 child comments replies: [–] Olgratin_Magmatoe@startrek.website 10 points 2 years ago The franchise owners are still extracting wealth from the restaurant owners. That 1.2 billion came from somewhere, it didn't just poof into existence. That's 1.2 billion that should have gone to the workers instead of the rich shareholders who own the company. As a whole, as an entire organization they are greedy fucks and it shows. permalink fedilink source parent [+] Aux@lemmy.world -8 points 2 years ago That's irrelevant. permalink fedilink source parent
[–] kromem@lemmy.world 5 points 2 years ago (1 child) They aren't the same people. Franchise owners are doing this, not the centralized brand they are franchising from. permalink fedilink source parent hideshow 2 child comments replies: [–] Olgratin_Magmatoe@startrek.website 10 points 2 years ago The franchise owners are still extracting wealth from the restaurant owners. That 1.2 billion came from somewhere, it didn't just poof into existence. That's 1.2 billion that should have gone to the workers instead of the rich shareholders who own the company. As a whole, as an entire organization they are greedy fucks and it shows. permalink fedilink source parent
[–] Olgratin_Magmatoe@startrek.website 10 points 2 years ago The franchise owners are still extracting wealth from the restaurant owners. That 1.2 billion came from somewhere, it didn't just poof into existence. That's 1.2 billion that should have gone to the workers instead of the rich shareholders who own the company. As a whole, as an entire organization they are greedy fucks and it shows. permalink fedilink source parent