• 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

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...

September 2, 2025

Spirit Airlines files for Chapter 11 bankruptcy protection...

August 30, 2025

Retail panic: What the end of the ‘de...

August 29, 2025

Cracker Barrel rebrand: Why companies retreat when faced...

August 29, 2025

Trump accused Fed governor Lisa Cook of mortgage...

August 29, 2025

Trump accused Fed Governor Lisa Cook of mortgage...

August 28, 2025

AI detects sound of frog species threatened in...

August 28, 2025

Lego hits record revenue in first half of...

August 28, 2025

Google has eliminated 35% of managers overseeing small...

August 28, 2025

Cracker Barrel will go back to old logo...

August 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

      September 2, 2025
    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

      August 30, 2025
    • Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

      August 29, 2025
    • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

      August 29, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (627)
    • Stock (6,426)

    Latest News

    • Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states
    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

    Popular News

    • White House in talks to have Oracle, US investors take over TikTok, NPR reports
    • Bank of England set to cut in February – UBS

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

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