Trade Insights Today - Investing and Stock News
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Trade Insights Today - Investing and Stock News
No Result
View All Result
Home Editor's Pick

Starbucks to lay off 1,100 corporate workers as sales sag

by
February 24, 2025
in Editor's Pick
0
Starbucks to lay off 1,100 corporate workers as sales sag
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday.

The cuts will not affect workers at the company’s cafes.

In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and creating smaller, more nimble teams.”

“Our intent is to operate more efficiently, increase accountability, reduce complexity and drive better integration,” Niccol wrote. “All with the goal of being more focused and able to drive greater impact on our priorities.” 

The layoffs come as Starbucks tries to draw coffee drinkers back to its cafes after same-store sales declined for four straight quarters. As customers turn to cheaper rivals in Starbucks’ two largest markets, the U.S. and China, Niccol has tried to revamp operations since he took the helm of the company last year, including by speeding up service.

Starbucks had about 16,000 employees who work outside of store locations as of last year. The cuts will affect people who work in corporate support, but not roasting, manufacturing, warehousing and distribution.

This post appeared first on NBC NEWS
Previous Post

Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat

Next Post

‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

Next Post
‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

‘Overwhelmingly popular’: Elon Musk touts Americans’ DOGE support

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Buy Bitcoin Under $100K Before The Next Bull Run

    Buy Bitcoin Under $100K Before The Next Bull Run

    April 22, 2025
    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    KIATOKEN ICO (KIA): Transforming Philanthropy with Crypto

    April 3, 2024
    Consumers are tired of price increases. Big brands are paying attention.

    Consumers are tired of price increases. Big brands are paying attention.

    February 23, 2024
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    0
    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    Rite Aid is closing more than 150 stores as part of its bankruptcy process

    0
    Here are the nine Republicans running for House speaker

    Here are the nine Republicans running for House speaker

    0
    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke

    July 7, 2025
    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns

    July 6, 2025
    Democrats project doom and gloom, not celebration, with July 4 messages

    Democrats project doom and gloom, not celebration, with July 4 messages

    July 5, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Tradeinsightstoday.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Tradeinsightstoday.com