Starbucks plans corporate layoffs as part of turnaround
- Starbucks plans an unspecified number of layoffs as it restructures its corporate staff, according to the Associated Press.
- The layoffs will not impact baristas in Starbucks' stores, as stated by Starbucks Chairman and CEO Brian Niccol.
- Starbucks saw disappointing sales over the last year as U.S. Customers pulled back on their spending and customers in China flocked to lower-priced rivals.
- Brian Niccol mentioned that the company needs to ensure all work has a clear and accountable owner who can make decisions.
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Coverage Details
Total News Sources0
Leaning Left6Leaning Right4Center13Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 26%
C 57%
R 17%
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