Ticker: Starbucks plans corporate layoffs as part of turnaround; Late-blooming apples key to crop
Starbucks saidit plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, Starbucks Chairman and CEO Brian Niccol said the Seattle coffee giant needs to ensure all work has a clear and accountable owner who can make decisions. The company also needs to reduce complexity and silos.
Starbucks will cut jobs as part of turnaround effort
Starbucks (SBUX.O), opens new tab CEO Brian Niccol said on Friday the coffee giant will cut jobs as part of its turnaround efforts. The details of the job cuts, to be announced by early March, will not affect the company's in-store teams or the investments it makes in store hours,
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In a story published Jan. 17, 2025, The Associated Press reported that Starbucks has 16,000 corporate employees worldwide.
Houston-headquartered BP plans to cut 5 percent of its workforce—about 4,700 jobs—as part of a larger cost-cutting program.
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