{"id":5114,"date":"2025-01-02T20:54:33","date_gmt":"2025-01-02T20:54:33","guid":{"rendered":"https:\/\/shareinfo24.com\/?p=5114"},"modified":"2025-01-02T20:54:33","modified_gmt":"2025-01-02T20:54:33","slug":"my-favorite-steak-restaurant-is-closing-all-261-of-its-locations","status":"publish","type":"post","link":"https:\/\/shareinfo24.com\/?p=5114","title":{"rendered":"My Favorite Steak Restaurant Is Closing All 261 Of Its Locations"},"content":{"rendered":"

In a drastic bid to weather the storm,\u00a0\u00a0Logan\u2019s Roadhouse<\/span><\/a>\u00a0has laid off its entire workforce and is preparing to shutter 261 of its locations. While many restaurants have pivoted to offer takeout and delivery,\u00a0\u00a0Logan\u2019s<\/span><\/a>\u00a0chose to cut its losses by eliminating its payroll, leaving many without jobs during one of the most severe economic downturns in American history. Interestingly, Logan\u2019s Roadhouse shares its parent company with Old Chicago, and this conglomerate opted to furlough its employees and strip them of their healthcare benefits precisely when they needed them most.<\/p>\n

Notably, the company not only abandoned its employees during this health and economic crisis but also ousted its CEO, Hazem Ouf, for financial improprieties. Ouf redirected $7 million in sales taxes to states where the company operated, an action for which he lacked proper authorization.<\/p>\n

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