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Starbucks cuts 1,100 jobs to revitalize company performance.
Starbucks will cut 1,100 corporate jobs aimed at improving efficiency and quickly implementing changes to revitalize the company. This layoff accounts for about 7% of the total number of employees outside of global directly operated stores. Starbucks did not disclose the specific number of corporate employees, as most of its global workforce works in Starbucks coffee shops. CEO Brian Niccol had announced restructuring plans in January. According to the announcement, affected employees will be notified by Tuesday. Corporate employees are required to work remotely all week. Starbucks is the latest large company to reduce management levels. Southwest Airlines mentioned earlier this month.
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73821642 Danny : this is good news
JLady : interesting
74805331 : wow
Glenda Taylor : penny stocks