""Morale is very low," he said on the "Next to Lead" podcast. "People are beat down.""
""It's a company that's been through a lot," he said. "Morale is very low. People are beat down.""
""message of hope" and "possibility.""
"His goal was "galvanizing the team around a vision," he said."
By mid-2024 Red Lobster confronted significant financial strain after costly leases, rising labor costs, loss-making promotions, store closures, and a Chapter 11 filing. A buyer group led by Fortress Investment Group acquired the chain and installed a new CEO to lead recovery efforts. Employee morale was very low following the bankruptcy and closures. The recovery plan prioritizes improvements to food quality, hospitality, and restaurant ambience and aims to rally staff around a clear vision. Historical turnaround experience at another large casual-dining chain included expanding to-go business and reaching roughly $1 billion in revenue.
Read at Business Insider
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