Reported about 14 hours ago
Starbucks plans to announce corporate layoffs by early March as CEO Brian Niccol implements a strategy aimed at improving efficiency. The layoffs will primarily affect corporate support roles, impacting around 10,000 positions, while in-store employees will not be affected. Niccol emphasized the necessity of these difficult decisions to support the company's turnaround efforts following disappointing performance in recent quarters.
Source: YAHOO