Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Politics

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

by
February 24, 2025
in Politics
0
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

Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

Next Post

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

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

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

Subscribe to Simplemoneygoal.com

    Trump administration alleges Nike discriminated against white workers
    Politics

    Trump administration alleges Nike discriminated against white workers

    February 5, 2026
    Trump administration alleges Nike discriminated against white workers
    Politics

    Trump administration alleges Nike discriminated against white workers

    February 5, 2026
    The architect of Amazon’s supply chain on running a startup with your spouse
    Politics

    The architect of Amazon’s supply chain on running a startup with your spouse

    February 5, 2026
    Elon Musk’s SpaceX acquires xAI
    Politics

    Elon Musk’s SpaceX acquires xAI

    February 3, 2026
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.