Starbucks plans corporate layoffs as part of turnaround
- Starbucks plans to lay off an unspecified number of corporate employees as part of a restructuring effort, according to the Associated Press.
- The layoffs will not affect baristas in Starbucks' stores, as stated by Starbucks Chairman and CEO Brian Niccol.
- Starbucks has faced disappointing sales due to reduced spending by U.S. Customers and competition from lower-priced rivals in China.
- Brian Niccol emphasized the need for clear ownership of work and reducing complexity within the company's structure in his letter to employees.
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Coverage Details
Total News Sources0
Leaning Left6Leaning Right3Center13Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 27%
C 59%
14%
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