• 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

The architect of Amazon’s supply chain on running...

February 25, 2026

Elon Musk’s SpaceX acquires xAI

February 25, 2026

Landmark trial accusing social media companies of addicting...

February 25, 2026

Trump administration alleges Nike discriminated against white workers

February 25, 2026

Cardi B’s cameo in Bad Bunny’s Super Bowl...

February 25, 2026

Retail operator of outdoor sportswear pioneer Eddie Bauer...

February 25, 2026

CFTC chief sides with prediction markets over state...

February 25, 2026

Warner Bros. Discovery reopens talks with Paramount

February 25, 2026

Justice Department’s antitrust chief says she’s leaving, effective...

February 25, 2026

L.A. County sues Roblox, alleges platform makes it...

February 25, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • IMF warns of risks to Asia’s economy as trade tensions, soft China growth bite
    • Tesla stock sinks as Musk and Trump ridicule each other

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

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