Layoffs at Quiznos are more extensive than the company revealed recently, affecting dozens of midlevel managers across the country, according to people familiar with the cuts.
The layoffs — approaching 140 people, half from the company’s headquarters in downtown Denver — are part of a larger economic scale-back that comes just months after a new management team was named to run the sub-sandwich chain, several sources said.
Quiznos officials would not confirm the details but generally said any cutbacks were the result of “a slow economy” and a desire to “reduce corporate expense,” according to a statement e-mailed Wednesday to The Denver Post.