CEO says restaurants ‘can’t compete’ with ‘virtual working’ trend

Sergio’s Restaurants president and CEO Carlos Gazitua argued on Wednesday that the food and retail industries “can’t compete” with the new “virtual working” trend.

Speaking on “Cavuto: Coast to Coast” on Wednesday, he also noted that the new trend has forced his industry to “look at automation and robotics as a tool” to offset pressure. 

The president and CEO of the restaurants serving up Cuban food in Florida stressed that the worker shortage coupled with the new trend has been bad for business and further complicates the situation.

“We’re still 1.5 million shy of a workforce since 2020,” Gazitua said, noting that he also can’t compete with the new remote work trend.

“We just can’t get the workforce back into our industry,” he stressed. 

HIGH INFLATION COULD BE ‘PAINSTAKINGLY SLOW’ TO COME DOWN

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Dave Clark, Amazon’s consumer CEO, resigns

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The chief executive of Amazon’s consumer business will step down next month after more than two decades, the e-commerce giant announced in a blog post Friday and reflected in a regulatory filing.

“I’ve had an incredible time at Amazon but it’s time for me to build again,” David Clark said in a tweet Friday, where he shared a screenshot of an email he sent to his team. “For some time, I have discussed my intent to transition out of Amazon with my family and others close to me, but I wanted to ensure the teams were setup for success,” he wrote in the farewell email.

The announcement marks the second high-profile departure in as many days in the tech world. On Wednesday, Sheryl Sandberg — one of the highest-ranking women in corporate America — announced she was stepping down as chief operating officer of Facebook,

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Amazon CEO of Worldwide Consumer Dave Clark to resign July 1

Amazon’s CEO of Worldwide Consumer Dave Clark will resign on July 1 after 23 years at the e-commerce behemoth.

“As much as I have loved the ride, it is time for me to say goodbye to start a new journey,” Clark said in an email to staff shared on Twitter Friday. “For some time, I have discussed my intent to transition out of Amazon with my family and others close to me, but I wanted to ensure that teams were set up for success. I feel confident that time is now.”

Clark has served as CEO of Worldwide Consumer since January 2021, overseeing the company’s massive retail business. 

Prior to taking on the position, Clark helped scale the company’s fulfillment network and supply chain through leadership roles, including senior vice president of worldwide operations, vice president of global customer fulfillment and vice president of

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Amazon CEO of Worldwide Consumer Dave Clark resigns

Dave Clark, Amazon’s senior vice president of worldwide operations.

Lindsey Wasson | Reuters

Dave Clark, CEO of Amazon’s worldwide consumer business and a top lieutenant of CEO Andy Jassy, will resign July 1, after 23 years at the company, Amazon announced in a regulatory filing Friday.

Amazon did not name a replacement for Clark. In a blog post announcing his exit, Jassy said Amazon is in the process of firming up a succession plan for Clark, and will announce an update “over the next few weeks.”

“The past few years have been among the most challenging and unpredictable we’ve faced in the history of Amazon’s Consumer business, and I’m particularly appreciative of Dave’s leadership during that time,” Jassy said.

In a tweet, Clark said he felt it was the right time to leave Amazon.

“As much as I have loved the ride, it is time for me to say goodbye

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Former McDonald’s CEO: Inflation is driving every US restaurant ‘absolutely crazy’

McDonald’s is one of the companies feeling the heat of inflation, forcing the franchise to raise their prices. 

Former McDonald’s USA CEO Ed Rensi argued that inflation is driving every restaurant in the United States “absolutely crazy,” and that the price of products has gone up “substantially.”

“Portion sizes are shrinking. Prices are going up. It’s just insane what’s happening in the restaurant industry,” Rensi told “Cavuto: Coast to Coast” Friday. 

INFLATION HITS MCDONALD’S ON FOOD COSTS, LABOR

“It’s also true of every other small business,” Rensi said. “They’re all suffering terribly from this federal inflation.”

McDonald’s says inflationary pressures will stick around in 2022 after profits and sales fell short of estimates.

In the U.S., the Golden

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