After the shutdowns of 23 additional restaurants, along with closures back in May, Red Lobster will have about 500 locations open. This is a notable plunge from the 650 establishments that remained active back in 2023.
This week, Americans learned the following states will have fewer Red Lobster locations:
- South Carolina
- North Carolina
- Arizona
- Virginia
- Ohio
- New York
- Colorado
- Georgia
- Indiana
- Minnesota
- Florida
- Missouri
- Arkansas
- California
Bad news for many American workers
Anytime mass business closures happen, the workers who rely upon these jobs suffer. Today’s economy is still absorbing the impacts of inflation and will continue to do so for the foreseeable future.
23 restaurant closures mean potentially hundreds of employees are now out of a job. Finding work, in numerous cases, is easier said than done these days. Many companies are looking to avoid taking on extra overhead expenses and seeking out opportunities to expand their profit margins.