Subway laid off another 150 employees, including just more than 100 at its Milford, Conn., headquarters, in its second major workforce reduction in three months. Management conceded that the coronavirus crushed restaurant sales nationwide.
“A reduction in workforce is never an easy decision, especially during these unprecedented times,” Subway’s Allan Marcus said. “The COVID-19 pandemic has forced us to accelerate a restructuring plan for which we had been preparing.”
Just several months ago the company laid off 300 employees. This combined with this week’s current layoffs has reduced staff 38 percent.
Many of the employees that were targeted helped lease real estate for its restaurants, which are all owned by franchisees, a source said.
Subway reported this month that 996 US eateries closed.
In New York State, the number of Subway restaurants fell 9 percent, from 1,016 to 937.