I'm not going to pretend that this is a loss, except in the sense that this is a few hundred jobs down the drain. I worked for Pizza Hut back in the 1990s, when we lived in Olean, NY, and I posted years ago what that was like. It wasn't a horrible place to work back then, but it sure wasn't great, either; pay was a joke, and for all the lip service paid to the idea that Pizza Hut was supposed to be a step above fast food, it was clear that even then the higher-ups had no idea what they were doing with respect to the shifting restaurant scene.
I have no idea how long it's been since I've even eaten at a Pizza Hut, and it's something of a long-running joke in this region that the number of buildings that used to be Pizza Huts far outnumbers those that house actual Pizza Huts.
Oh well. Support your local pizza joint, folks. Let the chains figure it out on their own.