Le Pain Quotidien Has Laid Off All Calif. Employees
In the wake of the statewide economic shutdown, Le Pain Quotidien has laid off all of its employees in California, Commercial Observer has learned.
Due to the continued uncertainty around the coronavirus pandemic, all of the restaurant chain’s California employees were laid off or terminated effective April 9, according to internal messages obtained by CO. Final checks were to be sent home to workers on April 11.
The move follows Le Pain’s announcement last month to temporarily close all of its U.S. locations and furlough all California employees, as many states closed nonessential businesses amid the coronavirus outbreak, including California.
CBRE released a statement regarding a new economic outlook moving forward, and said the U.S. commercial real estate recovery will trail the economic rebound. Categories like industrial and logistics will recover over 12 months. But retail, food and beverage and hotel sectors are facing a longer recovery of up to 30 months, according to the statement.