Reported 1 day ago
Starbucks CEO Brian Niccol announced plans to reduce jobs within the company to streamline support teams as part of a broader turnaround strategy aimed at countering declining demand and increased competition. The specifics regarding the job cuts will be revealed by early March, and they will not impact in-store teams or store operational investments. Niccol, who has been in his role for four months, is focused on improving the business structure and has outlined initiatives to enhance the customer experience at U.S. locations.
Source: YAHOO