Panera Brands, the parent company of Panera Bread, is planning to cut about 17% of its corporate staff as it prepares for an IPO as early as 2024, according to reports from the Wall Street Journal. The layoffs are part of an effort to 'simplify' the company. Other companies, including Union Pacific, Schwab, Capital One, Abbvie, Wayfair, and potentially VMware, have also announced layoffs recently.
Panera Bread is cutting 17% of its corporate staff to "simplify" as its parent company gears up for an IPO https://t.co/R92wSpEXYA
Union Pacific $UNP laying off 5% of 5600 management jobs or 280 managers Today we heard about layoffs from: Panera bread $PNRA Schwab $SCHW Capital one $COF Abbvie $ABBV Wayfair $W And we may hear from VMware $VMW soon Layoffs are accelerating...
PANERA BRANDS PLANS TO CUT ABOUT 17% OF ITS CORPORATE STAFF:WSJ PANERA BRANDS PREPARES IPO FOR AS EARLY AS 2024: WSJ
The Panera guy swore to me that being public is just too darn hard with all the short-term pressures 😢 Now his old company is going public and his new one gladly IPO'd at a ridiculous valuation Draw your own conclusion... https://t.co/rg3vVudJWI
* PANERA LAYING OFF 17% OF CORPORATE STAFF AS IT EYES IPO - @WSJ @reuters
*PANERA BRANDS PLANS TO CUT ABOUT 17% OF ITS CORPORATE STAFF:WSJ *PANERA BRANDS PREPARES IPO FOR AS EARLY AS 2024: WSJ