Starbucks Brews Up Corporate Layoffs in Major Turnaround Plan
Starbucks is announcing significant corporate layoffs as part of a major restructuring effort aimed at simplifying operations and enhancing market competitiveness. The cuts won't affect store-level baristas, focusing solely on corporate roles to streamline decision-making processes. This move comes amidst declining sales and rising competition, particularly in China. The final layoff announcements are expected by March, as Starbucks CEO Brian Niccol leads the charge.
Jan 18