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Breaking News:

Powell says the 'time has come' to begin cutting interest rates

Chipotle to hire 15,000 workers ahead of 'burrito season'

Brooke DiPalma
·Senior Reporter
Updated 2 min read
In this article:

Chipotle (CMG) is out with a new campaign to hire 15,000 full-time and part-time employees ahead of its busiest time of the year, the months of March to May, or what it calls "burrito season."

These hires will be kept on for "ongoing employment" beyond the busy season, a Chipotle spokesperson confirmed.

The hiring campaign, dubbed "pull back the foil," features six employees across the U.S. that rose in the ranks from a crew member to managerial roles.

In the release, Chief Restaurant Officer Scott Boatwright said, "We are targeting employees today to serve as our leaders of tomorrow ... We will continue bringing in new crew to support Chipotle's aggressive growth plans, while simultaneously promoting and upskilling those currently in role."

In 2022, 90% of the company's managerial roles were internal promotions, while 22,000 employees were promoted.

A Chipotle spokesperson told Yahoo Finance the chain's current average U.S. hourly wage is now above $16. Back in 2021, the California-based burrito chain increased its average hourly wage to $15, resulting in the potential earnings for a General Manager position to reach an average compensation of $100,000 "in as little as three and a half years."

WASHINGTON, DC - OCTOBER 07: A
WASHINGTON, DC - OCTOBER 07: A "Now Hiring" sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. The Labor Department announced that in the month of September the U.S. added 263,000 jobs as the unemployment rate fell to 3.5% (Photo by Anna Moneymaker/Getty Images) (Anna Moneymaker via Getty Images)

Chipotle does indeed have big growth plans in mind. Boatwright added that the company has "a goal of more than doubling our footprint to 7,000 locations in North America."

Per Q3 results, management plans to open 255 to 285 new restaurants this year. Last quarter, Chipotle opened 43 new restaurants with 38 locations including a drive-thru, which the company calls Chipotlanes.

To help in the hiring process, Chipotle is rolling out AI technology to support the hiring process later on this year.

—

Brooke DiPalma is a reporter for Yahoo Finance. Follow her on Twitter at @BrookeDiPalma or email her at [email protected].

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