Episode Details

Portillo’s is cutting 18% of its corporate staff—none of whom work in restaurants—as it pivots to boost efficiency and future growth amid a sales dip. The layoffs, effective July 31, signal a strategic reset led by new leadership, with the CEO emphasizing smarter investments for long-term success. Though Q2 net income and sales at existing locations dipped, menu prices were raised earlier to offset rising beef and produce costs. Still, expansion continues—with a downtown Chicago location slated for later this year and one in Wrigleyville by 2027—and a new CFO has joined to guide the company forward.

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