> The company then announced it would sell or close every remaining physical location and pivot to "software only".

What does that even mean? Sell an NFT image of a burger?

CloudKitchen was holding plenty of software hiring events near me few years ago. All these companies developed software to streamline the process of listing thousands of stores on all delivery apps, receiving orders, organize and manage kitchens assembly lines like how the orders are received, and dispatched to cooks, etc. Also they integrate analytics, cost tracking, supply chain management, and other random things like that. Basically for any PE or a billionaire who wants to larp as the next McDonalds or Starbucks, they don’t want to build everything from scratch.

The kinda thing a regular restaurant is probably managing using a spreadsheet and a notebook.