Red Lobster is closing dozens of restaurants and auctioning off equipment

 ## The Red Lobster feeds in dozens of places.

Red Lobster, the once mighty seafood chain, is facing rough waters. In a surprise move, the company has abruptly closed at least 48 restaurants across the US. It comes amid rumors of bankruptcy as Red Lobster struggles to stay afloat.

 

The closures were sudden and seemingly unplanned, with employees arriving for work only to find their doors locked. The company has not officially commented on the situation, but the writing appears to be on the wall. The shuttered restaurant's furnishings are already being auctioned off, marking a permanent closure.

 

It's a significant setback for Red Lobster, which has been a staple of the casual dining scene for decades. The chain is known for its festive atmosphere and of course its endless shrimp specials. However, recent years have been difficult. The "endless shrimp" promotion reportedly lost millions, and Red Lobster has seen more turnover in its leadership positions.

 

With these closings, Red Lobster appears to be shrinking its footprint in an effort to restructure and survive. Whether they can weather the storm remains to be seen.