• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

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
Trump meets France’s Macron at White House, says ‘lot of progress’ made toward ending war in Ukraine
next post
Robinhood app says SEC dismissed crypto investigation in sign of easier industry regulation

related articles

Walmart boosts sales outlook as it says tariff...

August 21, 2025

How a ship that glides like a pelican...

August 21, 2025

Apple just landed a key win for the...

August 20, 2025

Best Buy launches third-party marketplace as it looks...

August 19, 2025

Group accused of using fake accounts to buy...

August 19, 2025

Playboy moving its headquarters to Miami Beach and...

August 17, 2025

Lyft co-founders to step down from ride-hailing firm’s...

August 16, 2025

Warren Buffett’s Berkshire Hathaway reveals new stake in...

August 16, 2025

Apple Watch getting redesigned blood oxygen feature following...

August 15, 2025

The CEO in chief: How Trump is getting...

August 15, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • CTNT Stock Alert: Must-Know Details on Cheetah Net Supply

    August 16, 2024
  • DOGE, EPA team up to claw back $67 million in ‘environmental justice’ grants

    February 24, 2025
  • CBDD Stock Analysis: What to Expect in the Coming Years

    September 6, 2024
  • Biden-Harris admin warns Israel over Gaza humanitarian aid, leaked letter reveals

    October 15, 2024
  • Dem strategists fret Harris ‘sugar high’ is over: ‘If you’re not nervous, you’re not paying attention’

    October 10, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,785)
  • Investing (634)
  • Stock (893)

Latest Posts

  • GREGG JARRETT: Biden, the ‘marionette president’ and the case of the runaway autopen

    June 5, 2025
  • The Electoral College is key to keeping our country intact

    November 6, 2024
  • Trump legal cases in limbo after SCOTUS immunity ruling, freeing up schedule to campaign

    August 12, 2024

Recent Posts

  • Does President Trump really need to cut down Andrew Jackson’s magnolia tree? Expert weighs in

    April 2, 2025
  • Trump agenda upended after GOP rebellion shuts down House floor

    April 1, 2025
  • DAVID MARCUS: If USAID is so vital, where is the global outrage?

    February 8, 2025

Editor’s Pick

  • Tillis denounces Trump ‘big, beautiful bill’ hours after surprise retirement announcement

    June 30, 2025
  • The fight over credit card swipe fees enters a new year with no end in sight

    January 6, 2025
  • 4 of the biggest clashes between Patel, Senate Dems at his confirmation hearing

    January 31, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock