• 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

Musk’s brain implant company filed as a ‘disadvantaged...

July 19, 2025

A flagging U.S. industry looks for new life...

July 18, 2025

Coca-Cola dodges after Trump says soda will switch...

July 18, 2025

Trump says it’s ‘highly unlikely’ he will fire...

July 17, 2025

Inflation picks up again in June as tariffs...

July 16, 2025

Jerome Powell asks inspector general to review Fed’s...

July 15, 2025

Some Walmart garment orders from Bangladesh on hold...

July 13, 2025

Trump’s tariffs on Brazil could make your coffee...

July 11, 2025

White House accuses Powell of mismanaging Federal Reserve,...

July 10, 2025

Italian chocolate giant Ferrero to buy Kellogg’s Froot...

July 10, 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

    • Musk’s brain implant company filed as a ‘disadvantaged business’

      July 19, 2025
    • A flagging U.S. industry looks for new life in a Philadelphia shipyard

      July 18, 2025
    • Coca-Cola dodges after Trump says soda will switch back to cane sugar

      July 18, 2025
    • Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps

      July 17, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (562)
    • Stock (6,426)

    Latest News

    • Musk’s brain implant company filed as a ‘disadvantaged business’
    • A flagging U.S. industry looks for new life in a Philadelphia shipyard

    Popular News

    • South Korea’s acting leader orders inspection of airline systems after country’s worst air disaster
    • Morning Bid: Political storms sap sentiment

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

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