Reported about 10 hours ago
Starbucks Corp. announced the elimination of 1,100 corporate jobs, approximately 7% of its global non-store workforce, as part of an effort to enhance efficiency and accelerate changes within the company. This restructuring comes amid declining sales under new CEO Brian Niccol, who aims to simplify operations by removing less popular menu items and consolidating management layers. Affected employees will receive support, including severance and career transition assistance, while those in store roles and other essential operations will not be impacted.
Source: YAHOO