Reported about 10 hours ago
Starbucks plans to lay off an undisclosed number of corporate staff as part of a restructuring effort to improve accountability and reduce complexity within the organization. CEO Brian Niccol emphasized the need for clarity in decision-making roles and acknowledged that the layoffs will not affect store baristas. Starbucks aims to address declining sales amid competition and changing consumer behavior by streamlining its corporate structure. Decisions regarding layoffs are expected to be communicated by early March.
Source: YAHOO