Chipotle Mexican Grill announced it would be hiring 15,000 new employees as it anticipates more customers in the coming months. The restaurant chain considers the spring season, which runs from March to May, as its busiest time; thus, it needs more staff in the stores.
Following the labor crunch that became a big issue after the pandemic lockdowns, fast-food chains had a hard time retaining and recruiting new workers. The problem has been resolved, and most restaurants have enough employees these days. However, with the expected higher demand in spring, they need more staff even with the unrelenting inflation.
Moreover, news of job cuts in the tech and retail industry are always on the headlines these days, but it is notable that the restaurant industry has not faced any massive cuts. In fact, based on the Labor Department’s data, the unemployment rate for restaurants was down to 5.2% in December, compared to the pre-pandemic level of 5.7%, CNBC reported.
Chipotle said it is working on speeding up its job recruitment process and attracting more applicants, it is offering various benefits such as tuition reimbursement, free meals, mental health care, debt-free college degrees, and a bonus worth an extra month’s wage every year.
The restaurant’s chief officer also said that the latest hiring is also part of their growth efforts. It currently employs more than 100,000 staff and aims to bring the number of its stores to 7,000.
"Our restaurant teams are the core of this organization and with a goal of more than doubling our footprint to 7,000 locations in North America, we are targeting employees today to serve as our leaders of tomorrow," Chipottle’s chief restaurant officer, Scott Boatwright, said in a press release. "We will continue bringing in new crew to support Chipotle's aggressive growth plans, while simultaneously promoting and upskilling those currently in the role."


OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service
Iran Attack in Strait of Hormuz Pushes Oil Prices Higher
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 



