The cuts — which will affect employees in both the company’s restaurants and home office — came as a result of “a near complete elimination of revenue,” the New York-based USHG said in a statement.
The company operates restaurants and event businesses in New York, Las Vegas. Washington DC and other cities, including the Union Square Cafe that Meyer opened in New York in 1985.
He continued: “In the absence of income, restaurants simply cannot pay our non-working team members for more than a short period of time without becoming insolvent. In that scenario, no one wins.”
USHG announced that Meyer will forgo his salary and other members of the executive team will take pay cuts. The company will put those and other donations into an employee relief fund.
“The goal is to rehire as many of those people as soon as possible, when health and business conditions permit,” USHG said in the announcement.
Efforts to stem the spread of Covid-19 have included mandates for temporary closures of businesses, including restaurants and bars in states across the nation.