Reported about 4 hours ago
Starbucks will lay off 1,100 employees this week as CEO Brian Niccol aims to streamline the company’s structure in a bid for a turnaround. The layoffs primarily affect corporate support roles, while most store employees remain unaffected. A comprehensive severance package will be provided to those laid off. Niccol's strategy follows a mixed first-quarter earnings report and includes a return to core coffee products and improved service.
Source: YAHOO