Atlanta, Georgia-based Hooters of America, the casual dining chain notable for its busty female servers, has announced a restructuring initiative that could lead to a Chapter 11 bankruptcy filing.
The company has reportedly engaged law firm Ropes & Gray to prepare for a potential filing after abruptly closing dozens of locations in five states last year, raising further concerns about the brand's long-term viability.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something terrible hasn't happened yet doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. While many employees can read the writing on the wall, why do most assume it’s targeted at someone else? Are you now wondering, Am I Next?