Panera Brands is laying off roughly 17% of its1,800 corporate staffers ahead of a planned IPO, The Wall Street Journal’s Heather Haddon reports. The cuts are focused on support-staff roles, according to an internal message viewed by the publication. Panera went private in 2017, but could look to go public again as early as next year, people familiar with the company’s thinking say.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SBUX:
- Early notable gainers among liquid option names on November 2nd
- Unusually active option classes on open November 2nd
- Starbucks (NASDAQ:SBUX) Perks Up as Q3 Earnings Exceed Expectations
- Options Volatility and Implied Earnings Moves Today, November 02, 2023
- Options Volatility and Implied Earnings Moves This Week, October 30 – November 03, 2023