Starbucks to eliminate 1,100 corporate roles
- Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations.
- Niccol stated that the company will inform affected employees by mid-day Tuesday and is also cutting several hundred unfilled positions.
- Starbucks' global same-store sales decreased by 2% in its 2024 fiscal year, indicating challenges in the market.
- Niccol aims to improve efficiency and accountability within the company to manage its operations better.
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Starbucks lays off 1,100 employees as coffee chain streamlines
Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. In a letter to employees released Monday, Niccol said the company will inform employees who are being laid off by midday Tuesday. Niccol said Starbucks is also eliminating several hundred open and unfilled positions. “Our intent is
·Manila, Philippines
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Total News Sources227
Leaning Left37Leaning Right28Center85Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 25%
C 57%
R 19%
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