Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Hiring Chipotle

Chipotle CFO says quiet quitting is real (Photo by Anna Moneymaker/Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Nov 3, 2022

Quiet Quitting Is Real 

Quiet quitting may be one of the most serious issues facing the economy, says this one company executive. 

Key Details

  • Chipotle CFO Jack Hartung says that there are numerous problems facing his business, but quiet quitting may be one of the most serious.
  • “The labor market has been a challenge, as we all know, there’s historically low unemployment. You’ve got this thing called quiet quitting. It’s harder to keep young folks in a restaurant engaged in the current business,” says Hartung.  
  • “The quiet-quitting phenomenon where employees simply perform their duties without going the extra mile to forgo hustle culture has been rippling through the workplace. Some may be trying to prevent burnout, while others may feel disengaged from the company,” says Fortune.  
  • Chipotle is facing the same economic realities as the rest of the business world. They’ve increased prices by 13% in the past year to make up for higher supply costs. The company has still seen a 13.7% growth in total revenue, according to its recent quarter-three reports.  
  • “We’re seeing inflation in every one of our ingredients, and wage inflation. So, what we tried to do was just keep up with inflation,” Hartung says.

Why it’s News 

As we previously reported, major corporations are worried about quiet quitting and what it means for businesses. Employees are seemingly unwilling to go above and beyond the call of duty and are putting in the minimum to avoid being fired—or they’re seeking greener pastures. Some companies are paying tens of thousands to hire consultants to help resolve the issue or cracking down on perceived offenders. 

Hartung sees working at retail companies like Chipotle as a job with potential, where workers can work their way up and have fruitful careers with the company. 

“Even though Chipotle has increased wages and offers enhanced benefits, it’s tempting for employees to think about taking other jobs since there’s a plethora of them out there. So, a positive onboarding experience is crucial,” says Fortune. 

“If you’re a new crew person, and the line is out the door, and you feel like you’re not really equipped to keep pace with the rest of the folks on that line, that’s a tough experience. A lot of what I’m doing lately is figuring out is: how do we make sure that the labor assigned to the restaurant is deployed in the right position throughout the day between the frontline and our digital make line,” says Hartung. 

Home / News / Quiet Quitting Is Real 
Share
FacebookTweetEmailLinkedIn

Related Stories

Shell Wavers On Oil Output Reduction

by Hannah Bryan Leaders Staff
Business

3 minutes ago

shell production

Shell CEO Wael Sawan is considering whether or not to continue building on the company’s record earnings from last year by increasing oil production. 

Key Details

  • While the London-based energy company’s investors would applaud increased revenue, increased production would likely result in complaints from environmentalists. 
  • Many critics want Shell to prioritize investment in climate-related activities. Those same critics would see increased oil production as a step back from that goal. 
  • Though Sawan says the company is still committed to lowering its overall emissions, he recognizes that the greatest profit potential lies with oil and gas, The Wall Street Journal reports. 
  • Additionally, Sawan believes Shell’s fossil fuel profits should not support renewable and low-carbon energy options. The alternative energy options should be able to support themselves. 
  • As Sawan looks at the energy company’s portfolio, he is considering revising Shell’s previous commitment to reduce crude output by 1% to 2% each year until 2030.

Go deeper

FacebookTweetEmailLinkedIn

One Year Out: War’s Effect On Russia’s Economy

by Hannah Bryan Leaders Staff
Business

54 minutes ago

Russia economy

Initially, Russia’s invasion of Ukraine brought a spike in revenue for the invading country as demand for oil and gas rose, but that is coming to an end as the Russian economy struggles to produce. 

Key Details

  • A series of Western sanctions on Russian gas and oil have cut into one of the country’s most significant sources of revenue. 
  • Its largest exports—gas and oil—have lost major European customers. The ruble has declined 20% since November, and the country’s labor force is shrinking as more young people flee the country or are drafted. 
  • The economy struggles to grow as uncertainty surrounding the economy and the country’s fate have dissuaded any significant business investment, The Wall Street Journal reports. 
  • While the country’s current economic struggles may not be enough to halt the ongoing war, the Russian government could face a choice between military expenses and social spending that has largely protected civilians from feeling the shortages. 

Go deeper

FacebookTweetEmailLinkedIn

Disney Uninstalls the Metaverse 

by Tyler Hummel Leaders Staff
Tech

About an hour ago

VR

The Disney corporation has begun backing away from the metaverse—firing its entire development division, in its efforts at cost savings. 

Key Details

  • CEO Bob Iger is in the process of restructuring the Disney corporation and eliminating 7,000 jobs over three rounds of layoffs. 
  • The company’s internal metaverse team, with 50 employees dedicated to using the company’s brands to tell interactive stories within new technologies, is among the layoffs, with nearly every employee being let go. 
  • The division was started in February 2022 and led by former SVP of consumer experiences and platforms Mike White.

Go deeper

FacebookTweetEmailLinkedIn
Ukraine
Business

About an hour ago

U.S. Struggles To Keep Ukraine Accountable

by Tyler Hummel Leaders Staff
Target RedCard
Business

3 hours ago

Target Competes With Visa And Mastercard

by Hannah Bryan Leaders Staff
Casamigos Tequila founders Rande Gerber (left) and George Clooney (right)
Business

5 hours ago

A Celebrity’s Value To an Alcohol Brand

by Savannah Young Leaders Staff

Recent Articles

Leadership

5 hours ago

The Most Productive People Follow Daily Routines, Here’s Why

By following a structured daily routine, you give your mind a break from making constant decisions, saving mental energy and willpower

Productivity

Mar 27, 2023

84% of Workers Are Easily Distracted—Here Are 10 Tricks to Stay Focused

Learn to improve mental performance when you can’t stay focused.

Leadership

Mar 22, 2023

Creating Loyal Employees Is About More Than Just the Paycheck

If you think simply paying your employees more will gain their loyalty, think again.

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com