Rich People Talk
  • Investing
  • Business
  • Finance
  • Economy
  • Latest News
No Result
View All Result
  • Investing
  • Business
  • Finance
  • Economy
  • Latest News
No Result
View All Result
Rich People Talk
No Result
View All Result

Starbucks to lay off 1,100 corporate workers as sales sag

admin by admin
February 25, 2025
in Finance
0
Starbucks to lay off 1,100 corporate workers as sales sag

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

The cuts will not affect workers at the company’s cafes.

In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.”

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused and able to drive greater impact on our priorities.” 

The layoffs come as Starbucks tries to draw coffee drinkers back to its cafes after same-store sales declined for four straight quarters. As customers turn to cheaper rivals in Starbucks’ two largest markets, the U.S. and China, Niccol has tried to revamp operations since he took the helm of the company last year, including by speeding up service.

Starbucks had about 16,000 employees who work outside of store locations as of last year. The cuts will affect people who work in corporate support, but not roasting, manufacturing, warehousing and distribution.

This post appeared first on NBC NEWS

Previous Post

Musk offers ‘another chance’ to respond to productivity email, but warns failure again means termination

Next Post

Hamas agrees to return bodies of 4 Israeli hostages in exchange for hundreds of Palestinian prisoners

Next Post
Hamas agrees to return bodies of 4 Israeli hostages in exchange for hundreds of Palestinian prisoners

Hamas agrees to return bodies of 4 Israeli hostages in exchange for hundreds of Palestinian prisoners


Subscribe to RichPeopleTalk.com

    Elon Musk’s Neuralink raises $650 million in fresh capital

    Elon Musk’s Neuralink raises $650 million in fresh capital

    June 4, 2025
    McDonald’s Snack Wrap is officially returning. Here’s when.

    McDonald’s Snack Wrap is officially returning. Here’s when.

    June 4, 2025
    Tesla’s robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown

    Tesla’s robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown

    June 4, 2025
    Dollar General is shaking off tariff fears and winning over higher-income consumers

    Dollar General is shaking off tariff fears and winning over higher-income consumers

    June 4, 2025
    Peloton launching resale market for used bikes, treadmills

    Peloton launching resale market for used bikes, treadmills

    June 4, 2025

    Trending News

    Elon Musk’s Neuralink raises $650 million in fresh capital

    Elon Musk’s Neuralink raises $650 million in fresh capital

    June 4, 2025
    McDonald’s Snack Wrap is officially returning. Here’s when.

    McDonald’s Snack Wrap is officially returning. Here’s when.

    June 4, 2025

    Popular News

    • Elon Musk’s Neuralink raises $650 million in fresh capital
    • McDonald’s Snack Wrap is officially returning. Here’s when.
    • Tesla’s robotaxi launch in tech-friendly Austin has Musk playing catch-up in his hometown

    About RichPeopleTalk.com

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 RichPeopleTalk.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Business
    • Finance
    • Economy
    • Latest News

    Copyright © 2025 RichPeopleTalk.com | All Rights Reserved