• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Investing

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

by February 24, 2025
written by February 24, 2025

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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Apple boosts U.S. investment plans with $500 billion pledge amid Trump tariff threat
next post
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

You may also like

Prada Group says it has purchased fashion rival...

December 3, 2025

Dell family donation to offer 25 million kids...

December 3, 2025

Shopify says a daylong Cyber Monday outage has...

December 3, 2025

Apple’s AI chief abruptly steps down

December 3, 2025

Starbucks to pay about $35M to NYC workers...

December 3, 2025

Airbus says most of its recalled 6,000 A320...

December 2, 2025

Campbell’s fires executive accused of racist remarks and...

November 28, 2025

Bitcoin and other crypto assets sink in flight...

November 24, 2025

Stock market sinks as AI and interest rate...

November 24, 2025

U.S. added 119,000 jobs in September, but there...

November 21, 2025
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.

    Recent Posts

    • Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’

      December 3, 2025
    • Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

      December 3, 2025
    • Shopify says a daylong Cyber Monday outage has been resolved

      December 3, 2025
    • Apple’s AI chief abruptly steps down

      December 3, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (677)
    • Stock (6,426)

    Latest News

    • Dell family donation to offer 25 million kids $250 to open ‘Trump accounts’
    • Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

    Popular News

    • US stock futures drop after Trump’s tariff on Colombia; Fed meeting awaited
    • Dollar up, bonds down on ‘hawkish cut’ bets but BTIG warns of possible reversal

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy