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Los Angeles Times
Los Angeles Times
Business
Don Lee

Are widespread layoffs coming? How the pandemic has changed employers' recession strategy

WASHINGTON — With the economy slowing, the post-pandemic surge is over for Wisconsin restaurant owner Patrick DePula and his four pizza and pasta places.

Last year he sold some 50 orders of his popular Father's Day special — a fat tomahawk rib-eye steak with all the trimmings. This year: only seven. And sales overall at three of his restaurants are down about 10% from a year ago.

"I'm pretty sure there's a recession coming," said DePula, 49, who has already begun preparing for tough economic times. Expansion plans are on ice. He reduced operating hours at his downtown Madison outlet. Value meals are featured on the menu.

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