Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Senate Republicans look to sweeten Medicaid pot to...
Judicial nominee shuts down ‘wildly inaccurate’ claims that...
Jill Biden’s ‘work husband’ runs for cover as...
Mossad chief thanks US for help with Iran,...
Who is Anthony Bernal?: The ‘indispensable’ Biden aide...
Senate GOP eyes Medicaid sweetener to save Trump’s...
WATCH: Republicans share views on gay marriage decade...
Hegseth tears into reporters, alleging they ‘cheer against...
Trump’s ‘big, beautiful bill’ faces setback as Senate...
Mossad chief thanks US for help with Iran,...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Business

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

by admin February 25, 2025
February 25, 2025
Starbucks to lay off 1,100 corporate workers as sales sag

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
Skyharbour Commences its 2025 Drilling Campaign with Winter Drilling Program at its Russell Lake Uranium Project, Saskatchewan

You may also like

Uber delivery chief Gore-Coty is leaving after almost...

June 4, 2025

Why ‘wardrobing’ retail fraud soars in the summer

August 9, 2024

U.S. online stores put ‘out of stock’ signs...

June 12, 2025

Meta announces 5% cuts in preparation for ‘intense...

January 16, 2025

Universal’s Epic Universe theme park set to open...

October 19, 2024

Jaguar reveals glossy rebrand that features no cars...

November 21, 2024

New Starbucks CEO Brian Niccol outlines priorities to...

September 11, 2024

U.S. charges former Wamco executive Kenneth Leech with...

November 27, 2024

7 ways that Starbucks CEO Brian Niccol plans...

November 1, 2024

Nvidia loses nearly $600 billion in market value...

January 28, 2025

Recent Posts

  • Senate Republicans look to sweeten Medicaid pot to silence dissent on Trump’s ‘big, beautiful bill’
  • Judicial nominee shuts down ‘wildly inaccurate’ claims that he’s Trump’s ‘henchman’
  • Jill Biden’s ‘work husband’ runs for cover as privilege protection crumbles
  • Mossad chief thanks US for help with Iran, says ‘mission is not yet complete’
  • Who is Anthony Bernal?: The ‘indispensable’ Biden aide ditching House Oversight probe on his mental decline

    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.

    Categories

    • Business (800)
    • Investing (2,397)
    • Politics (2,980)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.